Norges Bank, Assetmark Inc., and PNC Financial Services Group Inc., among others, have all recently added to their holdings in
Amcor plc (NYSE:AMCR). Contrarily,
Neuberger Berman Group,
Private Advisor Group LLC and
ING Groep NV have reportedly unloaded portions of Amcor's shares from their portfolios. The company's die-hard backers underscore its advantageous
dividend strategy and above-average
ROE.
Zack Research and an intrinsic valuation analysis suggest that Amcor's current value may be underpriced, providing a potential opportunity for
value investors. However, decreases in shareholdings from major institutions, a recent slump in stock performance, and
reduced earnings estimates underscore the challenges the firm may face. With 61% institutional ownership, Amcor's decision-making is largely dominated by these entities. Despite recent
quarterly earnings calls indicating mixed results, the central question remains whether Amcor is likely to bounce back after witnessing a 16% dip in its stock within a year.
Amcor Plcs AMCR News Analytics from Fri, 20 Sep 2019 21:15:30 GMT to Thu, 30 May 2024 19:03:15 GMT -
Rating 0
- Innovation 4
- Information 2
- Rumor -2
