Alpha Omega Wealth Management LLC Sells 36,945 Shares of Smurfit Westrock PLC $SW

Key Points

• Alpha Omega Wealth Management cut its stake in Smurfit Westrock by 43%, selling 36,945 shares and leaving 49,064 shares worth $1.897 million per its most recent SEC filing.
• Company insiders also sold stock: CEO Anthony P. J. Smurfit sold 40,000 shares for about $2.06 million and CFO Ken Bowles sold 10,000 shares for about $512,600, leaving insiders with roughly 0.46% ownership.
• Smurfit Westrock increased its quarterly dividend to $0.4523 (annualized $1.81) for a yield of 4.3%, although the dividend payout ratio is elevated at 136.09%.

Alpha Omega Wealth Management LLC cut its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 43.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,064 shares of the company's stock after selling 36,945 shares during the quarter. Alpha Omega Wealth Management LLC's holdings in Smurfit Westrock were worth $1,897,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its position in shares of Smurfit Westrock by 113.3% during the third quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company's stock valued at $27,000 after purchasing an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Smurfit Westrock during the second quarter valued at about $29,000. Root Financial Partners LLC purchased a new position in shares of Smurfit Westrock during the third quarter valued at about $33,000. Rexford Capital Inc. purchased a new position in shares of Smurfit Westrock during the second quarter valued at about $35,000. Finally, Mather Group LLC. purchased a new position in shares of Smurfit Westrock during the third quarter valued at about $55,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Trading Down 0.2%

SW opened at $42.20 on Friday. The firm has a market cap of $22.12 billion, a P/E ratio of 31.73 and a beta of 1.06. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $43.31 and a 200 day moving average of $40.70.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The company reported $0.34 EPS for the quarter. The company had revenue of $7.58 billion during the quarter. Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%. As a group, research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th were given a $0.4523 dividend. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.43. This represents a $1.81 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, February 17th. Smurfit Westrock's dividend payout ratio (DPR) is 136.09%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SW. Citigroup raised their price objective on Smurfit Westrock from $48.00 to $59.00 and gave the company a "buy" rating in a research report on Friday, February 13th. The Goldman Sachs Group began coverage on Smurfit Westrock in a research report on Tuesday, March 24th. They set a "buy" rating and a $49.00 price objective for the company. Truist Financial set a $60.00 price objective on Smurfit Westrock in a research report on Thursday, February 12th. Morgan Stanley cut their price objective on Smurfit Westrock from $61.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, March 6th. Finally, Royal Bank Of Canada raised their price objective on Smurfit Westrock from $51.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and an average target price of $55.73.

Insider Activity

In other Smurfit Westrock news, CEO Anthony P. J. Smurfit sold 40,000 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $51.54, for a total value of $2,061,600.00. Following the completion of the sale, the chief executive officer owned 1,642,610 shares of the company's stock, valued at $84,660,119.40. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ken Bowles sold 10,000 shares of the firm's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the sale, the chief financial officer directly owned 151,644 shares of the company's stock, valued at approximately $7,773,271.44. The trade was a 6.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is owned by company insiders.

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.

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