Alpha Omega Wealth Management LLC Sells 6,199 Shares of Smurfit Westrock Ltd (NYSE:SW)

Alpha Omega Wealth Management LLC reduced its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,306 shares of the company's stock after selling 6,199 shares during the period. Alpha Omega Wealth Management LLC's holdings in Smurfit Westrock were worth $4,114,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SW. Norges Bank purchased a new stake in shares of Smurfit Westrock during the fourth quarter worth $1,300,041,000. Nuveen Asset Management LLC increased its stake in Smurfit Westrock by 51.6% in the fourth quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock valued at $1,115,996,000 after purchasing an additional 7,050,781 shares during the last quarter. Boston Partners purchased a new position in shares of Smurfit Westrock in the 4th quarter valued at $304,377,000. Victory Capital Management Inc. boosted its position in shares of Smurfit Westrock by 4,456.7% in the 4th quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock valued at $295,750,000 after purchasing an additional 5,370,587 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in Smurfit Westrock in the third quarter valued at approximately $221,026,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial cut their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley decreased their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada dropped their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Barclays decreased their target price on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Smurfit Westrock presently has an average rating of "Moderate Buy" and a consensus price target of $58.20.

Insiders Place Their Bets

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the transaction, the director now directly owns 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This trade represents a 38.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock traded down $0.17 during trading on Thursday, hitting $43.22. The stock had a trading volume of 991,291 shares, compared to its average volume of 4,507,355. The business has a fifty day moving average of $42.59 and a two-hundred day moving average of $48.43. The firm has a market cap of $22.56 billion, a P/E ratio of 78.58 and a beta of 1.04. Smurfit Westrock Ltd has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. The firm's revenue was up 161.3% compared to the same quarter last year. On average, sell-side analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 19th will be issued a $0.4308 dividend. The ex-dividend date is Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is currently 140.98%.

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.