Amcor Plc has seen an increased acquisition of its stocks, marking its rise in favor among investors. Firms like Forsta AP Fonden, Daiwa Securities Group Inc., BNP Paribas Financial Markets, and Mirae Asset Global Investments Co. Ltd. have significantly raised their stock positions. In addition, investment advisory services such as Envestnet Portfolio Solutions Inc. and Diversify Advisory Services LLC have also increased their holdings. The company boasts a whopping 61% of its shares owned by institutional investors. However, its stock price has dipped over the year and remains underperforming in the market. Amcor's dividends are respectable, though its growth assessment is considered mediocre. Meanwhile, Wells Fargo has initiated coverage on Amcor with a new price target. Questions arise regarding the timing for buying Amcor stocks, with some reflecting on whether the firm is undervalued. As the financial season unfolds, Amcor's earnings call transcripts for Q1, Q2, and Q3 of 2024 will be critical to watch. Observing the company's ROE, it records a better than average 16%.
