Company Information
About Amcor Limited (ASX: AMC)
Amcor Limited is a global producer of plastic packaging. They operate in Europe, North America, Latin America, Africa, and the Asia Pacific regions supplying packaging to a range of industries including food and beverages, pharmaceuticals and personal care.
The major shareholders of the company are primarily well-known investment firms. The Vanguard Group, Inc. holds the most significant portion with 60.25 million shares, constituting 4.17% of the total. They are followed by M&G Investment Management Ltd. with 21 million shares, representing 1.45%. Capital Research & Management Co. (World Investors) owns 18.67 million shares or 1.29%. Australian Foundation Investment Co. Ltd. (Investment Management) has a stake of 0.72% with 10.42 million shares, while Vanguard Investments Australia Ltd. holds 0.61% with 8.87 million shares.
T. Rowe Price Associates, Inc. (Investment Management) and T. Rowe Price International Ltd. have smaller stakes of 0.35% and 0.32%, consisting of 4.99 million and 4.64 million shares respectively. Jupiter Asset Management Ltd. and Allan Gray Australia Pty Ltd. each hold around 0.29% of the shares, with Jupiter at 4.16 million shares and Allan Gray at 4.12 million. Lastly, State Street Global Advisors Ltd. owns 2.47 million shares which equates to 0.17%. It should be noted that the company does not have income statement information available for Amcor PLC.
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Amcor Limited (ASX: AMC) Live Chart
Amcor Limited (ASX: AMC) Forecast
Amcor’s stock forecast, as evaluated by four Wall Street analysts, holds an average 12-month price target of $10.05. Expectations include a high of $10.20 and a low of $10.00. This average target suggests a slight dip of 3.09% from the company’s last traded price of $10.37.
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