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

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Amcor plc (NYSE:AMCR). In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Amcor stock on April 8th. 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 DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Best Buy (NYSE:BBY) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of EOG Resources (NYSE:EOG) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of CSX (NASDAQ:CSX) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Valero Energy (NYSE:VLO) on 4/8/2025.

Amcor Stock Down 3.0 %

Shares of NYSE AMCR opened at $9.34 on Wednesday. The stock has a market cap of $13.50 billion, a P/E ratio of 16.98, a PEG ratio of 1.96 and a beta of 0.78. The business’s fifty day simple moving average is $9.64 and its 200-day simple moving average is $9.94. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Amcor plc has a 12-month low of $8.37 and a 12-month high of $11.48.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS. As a group, equities analysts predict that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th were paid a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Wednesday, February 26th. Amcor’s payout ratio is currently 92.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMCR shares. Raymond James started coverage on Amcor in a report on Tuesday, April 22nd. They issued a “market perform” rating for the company. Truist Financial lowered their price target on Amcor from $12.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group raised Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Citigroup raised Amcor from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $12.00 in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.31.

Insider Transactions at Amcor

In related news, Director Achal Agarwal purchased 10,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the purchase, the director now directly owns 88,967 shares of the company’s stock, valued at $898,566.70. This trade represents a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Amcor

Large investors have recently modified their holdings of the company. Rakuten Securities Inc. boosted its holdings in shares of Amcor by 18,725.0% in the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock valued at $29,000 after acquiring an additional 2,996 shares during the period. HM Payson & Co. purchased a new stake in shares of Amcor during the first quarter worth approximately $30,000. CVA Family Office LLC raised its stake in shares of Amcor by 234.1% during the first quarter. CVA Family Office LLC now owns 3,254 shares of the company’s stock worth $32,000 after purchasing an additional 2,280 shares during the last quarter. Quarry LP raised its stake in shares of Amcor by 2,064.5% during the fourth quarter. Quarry LP now owns 3,723 shares of the company’s stock worth $35,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Amcor by 247.4% during the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock worth $35,000 after purchasing an additional 2,660 shares during the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

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.