Rep. Robert Bresnahan, Jr. Purchases Shares of Amcor plc (NYSE:AMCR)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Amcor plc NYSE: AMCR. In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Amcor stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
• Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
• Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
• Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
• Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.

Amcor Stock Down 0.2%

Shares of NYSE:AMCR traded down $0.02 during trading on Wednesday, hitting $9.08. The company's stock had a trading volume of 23,839,843 shares, compared to its average volume of 19,171,791. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26. Amcor plc has a fifty-two week low of $8.37 and a fifty-two week high of $11.48. The stock's 50-day moving average price is $9.26 and its two-hundred day moving average price is $9.68. The company has a market capitalization of $13.12 billion, a PE ratio of 16.51, a PEG ratio of 1.96 and a beta of 0.78.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company's revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd will be paid a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Thursday, May 22nd. Amcor's dividend payout ratio (DPR) is 91.07%.

Analysts Set New Price Targets

Several brokerages have issued reports on AMCR. Truist Financial cut their price objective on Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Raymond James began coverage on Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating on the stock. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and an average price target of $11.31.

Hedge Funds Weigh In On Amcor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Amcor by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock worth $555,064,000 after buying an additional 1,249,868 shares in the last quarter. Barclays PLC boosted its stake in shares of Amcor by 31.8% during the 3rd quarter. Barclays PLC now owns 4,544,118 shares of the company's stock worth $51,484,000 after acquiring an additional 1,096,664 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Amcor during the 4th quarter worth $2,605,000. Empowered Funds LLC boosted its stake in shares of Amcor by 25.9% during the 4th quarter. Empowered Funds LLC now owns 167,952 shares of the company's stock worth $1,580,000 after acquiring an additional 34,573 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Amcor by 11,326.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company's stock valued at $69,000 after purchasing an additional 7,249 shares in the last quarter. 45.14% of the stock is owned by institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Amcor

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.