OLD Mission Capital LLC Buys Shares of 10,503 Smurfit Westrock PLC $SW

Key Points

• OLD Mission Capital LLC acquired 10,503 shares of Smurfit Westrock PLC valued at approximately $473,000 in the first quarter.
• Smurfit Westrock recently declared a quarterly dividend of $0.4308 per share with an annualized dividend yield of 3.7%.
• Analysts have a consensus target price of $57.78 for Smurfit Westrock, with the majority rating it as a "Moderate Buy".

OLD Mission Capital LLC acquired a new position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,503 shares of the company's stock, valued at approximately $473,000.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Smurfit Westrock in the first quarter valued at approximately $1,051,299,000. Nuveen Asset Management LLC grew its stake in shares of Smurfit Westrock by 51.6% during the 4th quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock worth $1,115,996,000 after purchasing an additional 7,050,781 shares during the period. JPMorgan Chase & Co. increased its holdings in Smurfit Westrock by 39.3% in the first quarter. JPMorgan Chase & Co. now owns 6,100,067 shares of the company's stock valued at $274,869,000 after buying an additional 1,721,889 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Smurfit Westrock in the fourth quarter valued at $72,812,000. Finally, Zurich Insurance Group Ltd FI raised its position in Smurfit Westrock by 44.9% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 1,905,979 shares of the company's stock worth $102,734,000 after acquiring an additional 590,895 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Up 1.6%

SW traded up $0.75 during trading on Friday, hitting $46.92. The company had a trading volume of 2,339,724 shares, compared to its average volume of 4,000,576. The company has a market cap of $24.50 billion, a PE ratio of 71.09 and a beta of 1.04. The business has a 50-day moving average of $45.76 and a 200-day moving average of $44.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.12). The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. Smurfit Westrock's quarterly revenue was up 167.4% compared to the same quarter last year. As a group, analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be issued a $0.4308 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is currently 260.61%.

Analysts Set New Price Targets

SW has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Barclays lowered their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and increased their target price for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Finally, Truist Financial increased their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and a consensus target price of $57.78.

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.