New Mexico Educational Retirement Board boosts stake in Amcor by 53.3% in Q3, signaling strong institutional interest.

New Mexico Educational Retirement Board increased its holdings in Amcor PLC by 53.3% in the third quarter, acquiring an additional 36,000 shares worth $847,000. Other institutional investors like MIRAE ASSET GLOBAL ETFS HOLDINGS and Creative Planning also raised their stakes, reflecting growing confidence in Amcor. The company recently reported better-than-expected earnings and declared a quarterly dividend with a 6.8% yield, supporting its appeal to income-focused investors. Despite some analyst downgrades, Amcor maintains a moderate buy consensus with a price target around $52.25, indicating potential for steady growth and income generation.