Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of Amcor PLC (NYSE:AMCR). In a filing disclosed on April 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Amcor stock on March 31st. 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 3/26/2026.
- Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 3/26/2026.
- Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 3/26/2026.
- Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 3/26/2026.
- Sold $15,001 – $50,000 in shares of Chubb (NYSE:CB) on 3/26/2026.
- Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 3/26/2026.
- Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 3/10/2026.
- Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 2/18/2026.
- Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 2/13/2026.
- Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 2/5/2026.
Amcor Trading Down 1.4%
Shares of AMCR stock traded down $0.56 during trading hours on Thursday, hitting $40.04. The company had a trading volume of 1,617,343 shares, compared to its average volume of 6,129,125. The company’s fifty day moving average is $43.89 and its 200 day moving average is $42.56. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. Amcor PLC has a fifty-two week low of $37.94 and a fifty-two week high of $50.94. The stock has a market capitalization of $18.50 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71.
Amcor Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Wednesday, February 25th. Amcor’s dividend payout ratio is currently 169.93%.
Institutional Trading of Amcor
Hedge funds have recently made changes to their positions in the company. Dakota Wealth Management lifted its stake in shares of Amcor by 74.6% in the 4th quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock worth $2,881,000 after acquiring an additional 147,639 shares during the period. GAMMA Investing LLC lifted its stake in shares of Amcor by 213.1% in the fourth quarter. GAMMA Investing LLC now owns 126,702 shares of the company’s stock valued at $1,057,000 after purchasing an additional 86,231 shares during the period. Nordea Investment Management AB lifted its stake in shares of Amcor by 64.0% in the fourth quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock valued at $2,034,000 after purchasing an additional 94,753 shares during the period. New Mexico Educational Retirement Board lifted its stake in shares of Amcor by 53.3% in the third quarter. New Mexico Educational Retirement Board now owns 103,550 shares of the company’s stock valued at $847,000 after purchasing an additional 36,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Amcor by 395.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,760,659 shares of the company’s stock valued at $23,663,000 after purchasing an additional 2,203,982 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on AMCR shares. Robert W. Baird set a $54.00 price objective on shares of Amcor in a research report on Wednesday, February 4th. Citigroup reissued a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Wells Fargo & Company downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $43.00 in a research report on Friday, March 20th. Truist Financial dropped their price objective on shares of Amcor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Amcor in a research report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.89.
Read Our Latest Stock Analysis on AMCR
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.
Further Reading
Receive News & Ratings for Amcor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amcor and related companies with MarketBeat.com's FREE daily email newsletter.
