Rep. Thomas H. Kean, Jr. Unloads Shares of Amcor PLC (NYSE:AMCR)

Key Points

• Rep. Thomas H. Kean Jr. sold between $1,001 and $15,000 of Amcor shares on August 10 in the Kean Family Partnership account. He also recently sold shares of Johnson & Johnson, Microsoft, Alphabet and Stryker, while buying positions in MasTec, Linde, Toast, Amazon and ESAB.
• Amcor reported quarterly earnings of $1.23 per share, beating estimates of $1.19, while revenue rose 25.9% year over year to $6.40 billion. Analysts’ average rating is “Moderate Buy,” with an average price target of $49.49.
• Amcor declared a quarterly dividend of $0.65 per share, equivalent to an annualized $2.60 payout and a 6.1% yield. However, its dividend payout ratio is elevated at 110.17%.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of Amcor PLC NYSE: AMCR. In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Amcor stock on August 10th. 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 Johnson & Johnson NYSE: JNJ on 8/27/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/27/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 8/27/2026.
• Purchased $1,001 - $15,000 in shares of MasTec NYSE: MTZ on 8/21/2026.
• Purchased $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 8/10/2026.
• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 7/22/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/22/2026.
• Purchased $1,001 - $15,000 in shares of Toast NYSE: TOST on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 7/7/2026.

Amcor Stock Performance

Shares of AMCR stock opened at $42.48 on Wednesday. The company has a 50 day moving average price of $45.26 and a 200-day moving average price of $42.24. Amcor PLC has a 52 week low of $36.25 and a 52 week high of $50.94. The firm has a market capitalization of $19.64 billion, a PE ratio of 18.00, a P/E/G ratio of 2.31 and a beta of 0.60. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 1.17.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.04. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.05 billion. Amcor had a net margin of 4.71% and a return on equity of 15.92%. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. As a group, equities research analysts expect that Amcor PLC will post 1.84 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, September 4th. Amcor's dividend payout ratio (DPR) is presently 110.17%.

Institutional Trading of Amcor

A number of large investors have recently made changes to their positions in AMCR. Rockefeller Capital Management L.P. lifted its holdings in shares of Amcor by 55.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,307,985 shares of the company's stock worth $10,909,000 after acquiring an additional 467,065 shares during the last quarter. Norges Bank bought a new position in Amcor during the 4th quarter valued at about $308,724,000. Goldman Sachs Group Inc. grew its holdings in Amcor by 12.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 14,328,439 shares of the company's stock valued at $119,499,000 after purchasing an additional 1,603,673 shares during the last quarter. Citizens National Bank Trust Department bought a new stake in Amcor in the first quarter worth about $1,251,000. Finally, Weiss Asset Management LP purchased a new position in shares of Amcor during the first quarter valued at approximately $8,388,000. 45.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMCR. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Amcor in a research report on Friday, August 7th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $47.00 price objective (up from $44.00) on shares of Amcor in a research note on Monday, August 17th. BMO Capital Markets started coverage on shares of Amcor in a research note on Thursday, July 16th. They set a "market perform" rating and a $47.00 target price on the stock. Truist Financial set a $51.00 target price on shares of Amcor in a report on Tuesday, August 18th. Finally, Citigroup reiterated a "buy" rating and issued a $52.00 price target (up from $47.00) on shares of Amcor in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.49.

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.

Amcor Company Profile

Amcor plc NYSE: AMCR is a global packaging company that develops and manufactures packaging products for the food, beverage, pharmaceutical, medical, personal care, household and other consumer and industrial markets. Its portfolio is designed to help protect products, extend shelf life, support transportation and improve convenience and sustainability.

The company produces flexible packaging, including films, pouches, bags, lidding and specialty laminates, as well as rigid packaging such as bottles, containers, closures and other molded products.

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