Arkadios Wealth Advisors Takes $394,000 Position in Smurfit Westrock PLC (NYSE:SW)

Key Points

• Arkadios Wealth Advisors acquired a new stake in Smurfit Westrock PLC by purchasing 8,744 shares valued at approximately $394,000 during the first quarter of the year.
• Smurfit Westrock's recent earnings report showed an earnings per share (EPS) of $0.45, missing the consensus estimate of $0.57, despite a significant year-over-year revenue increase of 167.4% to $7.94 billion.
• The company announced a quarterly dividend of $0.4308 per share, reflecting a high dividend payout ratio of 260.61%, with a yield of 3.9% based on an annualized dividend of $1.72.

Arkadios Wealth Advisors bought a new position in Smurfit Westrock PLC (NYSE:SW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,744 shares of the company's stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Pictet & Cie Europe AG grew its position in Smurfit Westrock by 40.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 42,104 shares of the company's stock valued at $2,268,000 after acquiring an additional 12,166 shares during the last quarter. Huntington National Bank purchased a new position in Smurfit Westrock during the 4th quarter valued at about $50,000. Wells Fargo & Company MN lifted its stake in Smurfit Westrock by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 247,964 shares of the company's stock worth $13,355,000 after acquiring an additional 2,203 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Smurfit Westrock by 53.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 692,054 shares of the company's stock valued at $37,274,000 after buying an additional 242,011 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Smurfit Westrock by 4.7% in the 4th quarter. Russell Investments Group Ltd. now owns 182,229 shares of the company's stock valued at $9,801,000 after purchasing an additional 8,152 shares during the period. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded up $1.18 on Thursday, reaching $43.81. The company's stock had a trading volume of 3,363,996 shares, compared to its average volume of 3,712,849. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99. The stock's 50-day moving average is $44.87 and its two-hundred day moving average is $46.05. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. The stock has a market capitalization of $22.88 billion, a P/E ratio of 66.38 and a beta of 1.06.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced 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 firm had revenue of $7.94 billion during the quarter, compared to analysts' expectations of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The business's quarterly revenue was up 167.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 15th will be paid a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.9%. Smurfit Westrock's dividend payout ratio (DPR) is presently 260.61%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Barclays lowered their target price on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Wells Fargo & Company raised their price objective on shares of Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Truist Financial upped their target price on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Royal Bank Of Canada cut their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Smurfit Westrock 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.