Amcor’s Rigid Packaging segment offers rigid containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads and personal care items, as well as plastic caps for various applications.
The company sells its products primarily through its direct sales force.
Amcor stock comes with a 4.96% dividend. The J.P. Morgan target price of $10.80 compares with a $10.54 consensus target and the most recent close at $10.18.
Realty Income
This is an ideal stock for growth and income investors looking for a safer, inflation-busting idea for 2023. Realty Income Corp. (NYSE: O) is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a real estate investment trust, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants.
To date, the company has declared 608 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 109 times since its public listing in 1994. It is a top real estate member of the S&P 500 Dividend Aristocrats index.
The distribution yield is 4.93%. Stifel has set a $71.25 price objective, and Realty Income has a $69.71 consensus target. Shares closed at $62.19 on Thursday.
IBM
This blue chip technology giant still offers investors an incredibly solid entry point, a massive dividend and a conservative way to play the artificial intelligence (AI) explosion. International Business Machines Corp. (NYSE: IBM) provides integrated solutions and services worldwide. The company operates through four business segments.
The Software segment offers hybrid cloud platform and software solutions, such as Red Hat (an enterprise open-source solutions); software for business automation, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threat, data and identity. This segment also provides transaction processing software that supports clients’ mission-critical and on-premise workloads in banking, airlines and retail industries.
The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services.
The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients’ mission-critical and regulated workloads, and it supports services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services.
IBM stock comes with a 4.71% dividend. The $152 BofA Securities price target is higher than the $143.75 consensus target. Thursday’s closing print was $142.97.
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