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Sustainable packaging stocks are an attractive investment because the industry is growing and advancing at a fast pace. Sustainable packaging stocks include companies that design and manufacture packaging packaging solutions that are eco-friendly.
Identifying the potent Dividend Aristocrats in financial markets is about potential returns, income reliability and sustainability. Here, the focus is on the fundamentals of seven prominent companies recognized as Dividend Aristocrats.
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24/7 Insights Passive income stocks likely will get a big boost when interest rates start to come down.
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"Dividend Aristocrats... in the S&P 500 Index… have raised their annual payouts every year for at least 25 consecutive years." - Kiplinger.com/Investing.
Low consumer spending amid inflationary pressures dampens the near-term prospects for the Zacks Containers-Paper and Packaging industry. However, the likes of PKG, AMCR, ATR, SEE and GEF are poised well to tackle the challenges.
Dividend Aristocrats are generally excellent stocks for a retiree's passive income portfolio. They generally have wide moats, strong balance sheets, excellent management teams, and the ability to navigate all sorts of economic environments. We provide a diversified portfolio of 10 Dividend Aristocrats that have the potential to fund living expenses indefinitely and grow at a rate that beats inflation.
Panagora Asset Management Inc. trimmed its position in shares of Amcor plc (NYSE:AMCR – Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,051 shares of the company’s stock after selling 5,050 shares during the period. Panagora Asset Management Inc.’s holdings in Amcor were worth $2,825,000 as of its most recent SEC filing. Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Amcor by 12.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 246,555 shares of the company’s stock worth $2,377,000 after buying an additional 27,077 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Amcor by 173.4% during the 4th quarter. Teacher Retirement System of Texas now owns 311,839 shares of the company’s stock worth $3,006,000 after purchasing an additional 197,760 shares in the last quarter. Vanguard Group Inc. increased its holdings in Amcor by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock worth $517,349,000 after purchasing an additional 325,747 shares during the period. Handelsbanken Fonder AB raised its position in Amcor by 20.3% in the 4th quarter. Handelsbanken Fonder AB now owns 1,345,800 shares of the company’s stock valued at $12,974,000 after purchasing an additional 227,145 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Amcor by 25.8% in the 3rd quarter. Barclays PLC now owns 4,055,670 shares of the company’s stock valued at $37,152,000 after buying an additional 830,959 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds. Amcor Stock Down 0.9 % Shares of NYSE AMCR opened at $10.27 on Monday. The business has a 50-day moving average of $9.46 and a two-hundred day moving average of $9.41. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 5.61 and a beta of 0.79. Amcor plc has a 1 year low of $8.45 and a 1 year high of $10.51. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.29 and a quick ratio of 0.75. Amcor (NYSE:AMCR – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Amcor had a net margin of 4.75% and a return on equity of 24.66%. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the company earned $0.18 earnings per share. Amcor’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, analysts forecast that Amcor plc will post 0.7 earnings per share for the current fiscal year. Amcor Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 22nd will be given a $0.125 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $0.50 annualized dividend and a yield of 4.87%. Amcor’s dividend payout ratio (DPR) is 111.11%. Wall Street Analysts Forecast Growth Separately, JPMorgan Chase & Co. raised their target price on shares of Amcor from $9.90 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Read Our Latest Stock Report on Amcor About Amcor (Free Report) Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.