Andrea E. Bertone, a director at Amcor plc (NYSE:AMCR), a $15.1 billion packaging company with a solid InvestingPro Financial Health score, recently reported a sale of 6,138 ordinary shares on December 3, totaling approximately $64,755, with each share priced at $10.55. This transaction was disclosed in a recent SEC filing. The sale was part of a move to cover tax liabilities, as noted in the filing. Following this transaction, Bertone holds 43,814 shares directly. Additionally, on December 2, Bertone acquired 15,365 ordinary shares through the conversion of restricted stock units, which were granted previously. The company, trading near its Fair Value according to InvestingPro analysis, offers a notable 4.8% dividend yield and has increased its dividend for six consecutive years. Get access to more detailed insights and 12+ additional ProTips with an InvestingPro subscription.
In other recent news, Amcor, the diversified packaging solutions manufacturer, reported its first quarter financial performance for fiscal 2025. The company's results aligned with the expectations set earlier, showing a 2% increase in overall volumes and a 5% year-over-year growth in adjusted earnings per share. The company also sold its 50% interest in Bericap North America for $122 million, a move aimed at reducing debt. Despite challenges in the healthcare sector and North American beverage demand, Amcor maintains its full-year guidance, projecting an adjusted earnings per share between $0.72 and $0.76.
In another significant development, shareholders at Amcor's Annual General Meeting elected ten directors for a one-year term each and ratified the appointment of PricewaterhouseCoopers AG as the company’s independent registered public accounting firm for the fiscal year 2025. The outcomes of the meeting indicate continued investor confidence in Amcor's leadership and strategic direction.
These are the latest developments in the company, reflecting its ongoing strategic initiatives for growth and sustainability.
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