D.A. Davidson & CO. Acquires 26,538 Shares of Amcor PLC $AMCR

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D.A. Davidson & CO. increased its stake in Amcor PLC by 22.1% during the fourth quarter, acquiring an additional 26,538 shares, bringing its total holdings to 146,765 shares valued at $1.224 million. Despite a “Moderate Buy” consensus rating and a target price of $50.89, some analysts have recently lowered their ratings and price targets for Amcor. The company offers a substantial dividend yield of 6.9%, but its payout ratio of 169.93% raises concerns about dividend sustainability.

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