Mizuho Markets Americas LLC, Principal Financial Group Inc., KBC Group NV, Lifeworks Advisors LLC, National Pension Service and Robeco Institutional Asset Management B.V. were among large institutions increasing their stake in Amcor plc. Institutional investors collectively hold about 63-64% of Amcor. However, Zions Bancorporation N.A., OVERSEA CHINESE BANKING Corp Ltd, Forsta AP Fonden, Vanguard Group Inc. and Janney Montgomery Scott LLC sold their shares. As Amcor reported strong FY2024, Analysts suggests it's undervalued by 45% while it is classified as Top Dividend Aristocrat and touted as best for long-term momentum, also being credited for its dividend performance and sustainability. The firm also announced changes to the board, and earnings estimated to increase even with lower volumes. Yet, it was mentioned as one of the worst Dividend Aristocrat stock to buy, with poor growth prospects in the near term, causing the stock to dip by 16% in a year. In the Q4 2024 financial report, earnings met the estimates indicating stable financial performance.
Amcor Plcs AMCR News Analytics from Fri, 02 Aug 2019 18:20:26 GMT to Sat, 16 Nov 2024 15:03:57 GMT -
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