Synergy Asset Management LLC Sells 547,648 Shares of Amcor PLC $AMCR

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Synergy Asset Management LLC significantly reduced its stake in Amcor PLC (NYSE:AMCR) by 58.7% in Q4, selling over half a million shares and bringing its total holding to 384,895 shares valued at $3.21 million. Amcor currently offers an annualized dividend of $2.60, yielding 6.5%, despite a high payout ratio of 169.93%. Analysts maintain a “Moderate Buy” rating for Amcor, with a consensus target price of $52.25 against its current trading price of approximately $39.83.

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