Smurfit Westrock PLC $SW Stake Decreased by Cullen Capital Management LLC

Cullen Capital Management LLC trimmed its holdings in Smurfit Westrock PLC (NYSE:SW) by 39.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 514,091 shares of the company’s stock after selling 337,574 shares during the quarter. Cullen Capital Management LLC owned about 0.10% of Smurfit Westrock worth $22,183,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SW. Vanguard Group Inc. boosted its position in Smurfit Westrock by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 80,421,330 shares of the company’s stock worth $3,472,329,000 after acquiring an additional 1,233,997 shares during the period. State Street Corp increased its holdings in shares of Smurfit Westrock by 1.7% during the second quarter. State Street Corp now owns 20,779,789 shares of the company’s stock valued at $896,661,000 after purchasing an additional 339,787 shares during the period. Orbis Allan Gray Ltd raised its stake in shares of Smurfit Westrock by 81.9% during the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after purchasing an additional 8,286,205 shares in the last quarter. Norges Bank acquired a new stake in Smurfit Westrock in the second quarter worth about $749,735,000. Finally, Bank of New York Mellon Corp grew its position in Smurfit Westrock by 19.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,500,852 shares of the company’s stock valued at $366,812,000 after buying an additional 1,399,464 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SW has been the topic of several research analyst reports. Seaport Res Ptn raised shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Zacks Research cut shares of Smurfit Westrock from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. UBS Group initiated coverage on Smurfit Westrock in a report on Monday, September 15th. They set a “buy” rating and a $60.00 target price on the stock. Truist Financial decreased their price target on Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada lowered their price target on Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and an average price target of $53.60.

Smurfit Westrock Stock Down 2.2%

SW stock opened at $37.18 on Monday. The firm has a market cap of $19.42 billion, a PE ratio of 26.00 and a beta of 1.10. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $56.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $37.81 and a 200 day simple moving average of $42.24.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The company had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, November 14th. Smurfit Westrock’s dividend payout ratio is currently 120.28%.

Smurfit Westrock Company Profile

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.