Amcor Plc has been making significant strides, with various financial entities acquiring and increasing their shares. Examples include
Legacy Private Trust Co.,
Principal Financial Group Inc., and
Fmr LLC. Meanwhile,
Tidal Investments LLC purchased a hefty batch of 60,691 shares and
Franklin Resources Inc. reported an impressive $8.16 million holdings. The company's status as a
Dividend Aristocrat seems to draw in substantial institutional ownership, approximately 63-64%.
Additionally,
Amcor has been turning heads due to its potential merger with
Berry Global. Envisaged as a $24B revenue deal, this merger has an additional $650M annual synergies target speculated.
Ancora projects 70% upside with this merger, predicting potentials of up to $4.5B EBITDA, while
Amcor is concurrently highlighting growth in its core business. However, in the near term, there seems to be skepticism regarding growth prospects, and concerns have been raised about Amcor's CEO compensation.
The latest Q4 2024 Earnings Report from Amcor was seen to have missed analyst estimates, sparking varying forecasts. Despite this, Amcor has proceeded to increase its dividend to $0.1275 and is forecasted to be a top value stock for the long-term.
Amcor Plcs AMCR News Analytics from Fri, 02 Aug 2019 18:20:26 GMT to Thu, 09 Jan 2025 12:06:04 GMT -
Rating 5
- Innovation 2
- Information 6
- Rumor -3
