Smurfit Westrock PLC $SW Shares Purchased by Cwm LLC

Cwm LLC raised its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 58.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,407 shares of the company’s stock after acquiring an additional 2,735 shares during the quarter. Cwm LLC’s holdings in Smurfit Westrock were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Moody National Bank Trust Division increased its stake in shares of Smurfit Westrock by 1.7% during the 2nd quarter. Moody National Bank Trust Division now owns 15,001 shares of the company’s stock worth $647,000 after purchasing an additional 255 shares in the last quarter. Parallel Advisors LLC lifted its stake in Smurfit Westrock by 21.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock valued at $64,000 after buying an additional 267 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in Smurfit Westrock by 6.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 5,053 shares of the company’s stock valued at $226,000 after buying an additional 290 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in Smurfit Westrock by 2.8% during the first quarter. Citizens Financial Group Inc. RI now owns 11,893 shares of the company’s stock worth $536,000 after buying an additional 328 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Smurfit Westrock by 5.6% in the first quarter. Geneos Wealth Management Inc. now owns 6,292 shares of the company’s stock worth $284,000 after acquiring an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

SW opened at $43.05 on Monday. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The company’s 50 day simple moving average is $43.76 and its 200 day simple moving average is $43.89. The stock has a market capitalization of $22.48 billion, a PE ratio of 65.23 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The company had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The firm’s quarterly revenue was up 167.4% compared to the same quarter last year. As a group, sell-side analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were given a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 260.61%.

Analyst Ratings Changes

A number of analysts recently commented on SW shares. Morgan Stanley increased their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. UBS Group began coverage on shares of Smurfit Westrock in a research note on Monday, September 15th. They set a “buy” rating and a $60.00 price target on the stock. Seaport Res Ptn upgraded shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday. Finally, Truist Financial lifted their target price on shares of Smurfit Westrock from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Smurfit Westrock has a consensus rating of “Buy” and a consensus target price of $57.90.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.