Thomas Kean Buys Amcor Shares Worth Up to $15,000
Thomas Kean disclosed a purchase of Amcor shares valued between $1,001 and $15,000.
Key Points
- Thomas Kean purchased Amcor shares valued between $1,001 and $15,000, as reported on June 19, 2026.
- Amcor has a market cap of $18.99 billion, a P/E ratio of 32.86, and trades near $41.08.
- Institutional investors, such as Invesco Ltd., made significant changes in their Amcor positions recently.
Thomas Kean vs. the S&P 500
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On June 19, 2026, Thomas Kean, a member of the U.S. House of Representatives, disclosed a purchase of Amcor plc shares valued between $1,001 and $15,000. This transaction was reported under the STOCK Act, which requires politicians to disclose trades within a specified period after the transaction date. Kean's purchase was made on May 14, 2026.
Other Institutional Activity in Amcor
In recent institutional activity, Invesco Ltd. significantly increased its stake in Amcor by 14,589,676 shares, bringing its total to 22,770,007 shares worth about $905.1 million. Meanwhile, M&G PLC added 2,185,925 shares, ending with 25,183,844 shares valued at approximately $1.01 billion. BlackRock, Inc. also grew its holdings by 126,235 shares, reaching a total of 31,813,214 shares valued at $1.26 billion. State Street Corp increased its stake by 897,441 shares, resulting in 29,199,357 shares worth $1.16 billion.
Amcor Stock Snapshot
Shares of NYSE:AMCR traded near $41.08. Amcor plc has a market capitalization of $18.99 billion and a P/E ratio of 32.86. The stock's 52-week range is between $36.25 and $50.94, with a 50-day moving average of $39.27 and a 200-day moving average of $41.63. Amcor's beta is 0.636, indicating lower volatility compared to the market. The company has a current ratio of 1.443 and a quick ratio of 0.749, with a debt-to-equity ratio of 143.74.
Recent Earnings
Amcor reported revenue of $22.19 billion with a growth rate of 0.77%. The company's net margin stands at 3.05%, and its return on equity is 8.74%. Amcor's earnings per share (EPS) is $1.25. The next earnings report is scheduled for August 13, 2026.
Dividend
Amcor offers a dividend rate of $2.60 per share, yielding 6.28% annually. The dividend payout ratio is 206.83%.
Insider Buying and Selling at Amcor plc
On June 15, 2026, Ryan Yost, Division President of Global Flexible Packaging Solutions, bought 41,172 and 74,898 shares in separate transactions. Earlier in the year, on February 27, 2026, CEO Peter Konieczny sold 34,000 shares and also bought the same amount, while General Counsel Deborah Rasin sold 14,000 shares.
Analysts Set New Price Targets
On May 20, 2026, Wells Fargo maintained its hold rating on Amcor with a price target of $41.00. JP Morgan reiterated its buy rating on May 7, 2026, with a $44.00 target, while Truist Securities set a buy rating with a $51.00 target on the same day. The consensus recommendation is a buy, with a mean target price of $48.21 among 11 analysts.
About Amcor
Amcor plc, headquartered in Zurich, Switzerland, is a global leader in packaging solutions, serving various industries, including food, beverage, medical, and personal care. The company operates through its Global Flexible Packaging Solutions and Global Rigid Packaging Solutions segments. Amcor employs approximately 77,000 people worldwide and is led by CEO Peter Konieczny.
Bottom Line
Thomas Kean's recent purchase of Amcor shares highlights ongoing interest in the company's stock among politicians and institutional investors. Amcor's diverse operations and strong market presence make it a notable player in the packaging industry. Investors keep an eye on such trades for potential insights, though 13F filings and STOCK Act reports are backward-looking and may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.