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

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 on Friday, reaching $44.98. 3,720,818 shares of the company’s stock traded hands, compared to its average volume of 3,344,288. The stock has a market cap of $20.80 billion, a PE ratio of 31.46, a P/E/G 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 stock has a 50-day simple moving average of $39.75 and a 200 day simple moving average of $42.04. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.96. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The firm’s revenue was up 77.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. As a group, research analysts predict that Amcor PLC will post 3.97 earnings per share for the current year.

Amcor Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMCR. AdvisorNet Financial Inc purchased a new position in Amcor in the first quarter worth about $25,000. Western Wealth Management LLC purchased a new position in Amcor in the 1st quarter worth approximately $27,000. DV Equities LLC bought a new position in Amcor in the 4th quarter valued at approximately $27,000. Brown Lisle Cummings Inc. lifted its position in Amcor by 137.9% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock valued at $29,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Amcor by 46.1% during the 4th quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock valued at $33,000 after purchasing an additional 1,257 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

AMCR has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Amcor in a research note on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price target on the stock. Weiss Ratings upgraded Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wells Fargo & Company set a $41.00 price target on shares of Amcor and gave the company an “equal weight” rating in a report on Wednesday, May 20th. Finally, Truist Financial reissued a “buy” rating and set a $51.00 price target (up from $50.00) on shares of Amcor in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

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 (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.