Amcor (NYSE:AMCR) Stock Purchased Rep. Thomas H. Kean, Jr.

by · The Markets Daily

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of Amcor PLC (NYSE:AMCR). In a filing disclosed on June 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in Amcor stock on May 14th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

  • Sold $1,001 – $15,000 in shares of Check Point Software Technologies (NASDAQ:CHKP) on 6/1/2026.
  • Purchased $1,001 – $15,000 in shares of EQT (NYSE:EQT) on 6/1/2026.
  • Sold $1,001 – $15,000 in shares of Becton, Dickinson and Company (NYSE:BDX) on 5/21/2026.
  • Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/29/2026.
  • Sold $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 4/21/2026.
  • Sold $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/15/2026.
  • Purchased $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 4/14/2026.
  • Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/14/2026.
  • Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 3/31/2026.
  • Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 3/26/2026.

Amcor Price Performance

NYSE:AMCR traded down $0.02 during trading hours on Friday, reaching $44.98. 3,720,818 shares of the company’s stock were exchanged, compared to its average volume of 3,344,288. The company has a market capitalization of $20.80 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. Amcor PLC has a 12 month low of $36.25 and a 12 month high of $50.94. The business’s 50-day simple moving average is $39.75 and its two-hundred day simple moving average is $42.04. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 1.30.

Amcor (NYSE:AMCR – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.71 billion. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The company’s quarterly revenue was up 77.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. Sell-side analysts expect that Amcor PLC will post 3.97 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Thursday, May 28th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Thursday, May 28th. Amcor’s dividend payout ratio (DPR) is presently 181.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMCR. N.E.W. Advisory Services LLC grew its holdings in Amcor by 10.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after buying an additional 373 shares in the last quarter. CYBER HORNET ETFs LLC increased its holdings in Amcor by 11.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 4,488 shares of the company’s stock worth $37,000 after buying an additional 447 shares during the last quarter. FineMark National Bank & Trust raised its position in Amcor by 0.6% in the fourth quarter. FineMark National Bank & Trust now owns 80,503 shares of the company’s stock worth $671,000 after acquiring an additional 503 shares during the period. United Asset Strategies Inc. boosted its stake in Amcor by 1.6% in the fourth quarter. United Asset Strategies Inc. now owns 38,453 shares of the company’s stock valued at $321,000 after acquiring an additional 597 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in Amcor in the first quarter valued at about $25,000. 45.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings raised Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their price objective on Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Citigroup lowered their target price on Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on Amcor in a report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Wells Fargo & Company set a $41.00 price target on shares of Amcor and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Check Out Our Latest Stock Report on Amcor

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About Amcor

(Get Free Report)

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.

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