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 acquired a new stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,744 shares of the company's stock, valued at approximately $394,000.

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

Analyst Ratings Changes

A number of analysts recently weighed in on SW shares. Morgan Stanley upped their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Truist Financial lifted their price objective on Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and raised their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. Wells Fargo & Company boosted their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Barclays cut their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Smurfit Westrock Trading Down 0.3%

Shares of NYSE:SW traded down $0.13 on Friday, reaching $43.67. 2,797,273 shares of the company traded hands, compared to its average volume of 3,503,177. The stock has a market capitalization of $22.80 billion, a P/E ratio of 66.17 and a beta of 1.06. The business's 50-day simple moving average is $44.87 and its 200 day simple moving average is $45.97. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 52 week low of $37.01 and a 52 week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its earnings results 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). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The company had revenue of $7.94 billion for the quarter, compared to analysts' expectations of $7.88 billion. The business's revenue was up 167.4% on a year-over-year basis. As a group, equities analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be given a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 3.9%. Smurfit Westrock's payout ratio is currently 260.61%.

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.