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

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 Price Performance

Shares of NYSE AMCR opened at $42.48 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.76 and a current ratio of 1.25. Amcor PLC has a fifty-two week low of $36.25 and a fifty-two week high of $50.94. The firm has a market capitalization of $19.64 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.31 and a beta of 0.60. The stock’s 50-day simple moving average is $45.26 and its 200-day simple moving average is $42.24.

Amcor (NYSE:AMCR) last posted its earnings results on Thursday, August 13th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.04. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Amcor had a return on equity of 15.92% and a net margin of 4.71%.The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. As a group, equities research analysts forecast that Amcor PLC will post 1.84 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 4th will be issued a $0.65 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.1%. Amcor’s dividend payout ratio is presently 110.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMCR. Tidal Investments LLC grew its holdings in shares of Amcor by 18.3% during the second quarter. Tidal Investments LLC now owns 236,370 shares of the company’s stock worth $10,247,000 after buying an additional 36,634 shares during the last quarter. Van Hulzen Asset Management LLC lifted its position in Amcor by 6.7% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 8,005 shares of the company’s stock worth $347,000 after acquiring an additional 500 shares during the period. National Pension Service lifted its position in Amcor by 1.3% during the 2nd quarter. National Pension Service now owns 505,524 shares of the company’s stock worth $21,914,000 after acquiring an additional 6,297 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Amcor in the 2nd quarter valued at approximately $438,000. Finally, SVB Wealth LLC grew its stake in shares of Amcor by 89.0% in the 2nd quarter. SVB Wealth LLC now owns 111,552 shares of the company’s stock valued at $4,836,000 after purchasing an additional 52,531 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMCR. Wells Fargo & Company lifted their price target on shares of Amcor from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Truist Financial set a $51.00 price objective on Amcor in a report on Tuesday, August 18th. Citigroup reiterated a “buy” rating and set a $52.00 target price (up from $47.00) on shares of Amcor in a research report on Friday, August 14th. BMO Capital Markets initiated coverage on Amcor in a report on Thursday, July 16th. They issued a “market perform” rating and a $47.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amcor in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Amcor currently has a consensus rating of “Moderate Buy” and a consensus target price 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.

About Amcor

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.