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1,410,993 Shares in Amcor PLC $AMCR Acquired by CIBC Bancorp USA Inc.
CIBC Bancorp USA Inc. has acquired a new stake of 1,410,993 shares, valued at approximately $11.54 million, in Amcor PLC (NYSE: AMCR), representing 0.06% ownership. This acquisition is part of a broader trend of institutional investors increasing their positions in Amcor, with Norges Bank and Legal & General Group Plc also significantly boosting their holdings. Amcor, a global packaging company, pays a quarterly dividend of $0.65, resulting in an annualized yield of 6.7%, and has received a “Moderate Buy” average rating from analysts.