Beverly Hills Private Wealth LLC Acquires 6,031 Shares of Smurfit Westrock PLC $SW

Key Points

• Beverly Hills Private Wealth LLC increased its holdings in Smurfit Westrock PLC by 7.3% in the second quarter, acquiring an additional 6,031 shares for a total of 89,177 shares valued at approximately $3.85 million.
• Smurfit Westrock recently reported earnings per share of $0.45, falling short of estimates by $0.12, but its revenue increased by 167.4% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.4308, with a dividend yield of 4.2%, while its current dividend payout ratio is 260.61%.

Beverly Hills Private Wealth LLC lifted its holdings in Smurfit Westrock PLC (NYSE:SW - Free Report) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,177 shares of the company's stock after acquiring an additional 6,031 shares during the period. Beverly Hills Private Wealth LLC's holdings in Smurfit Westrock were worth $3,848,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new position in shares of Smurfit Westrock in the first quarter worth about $29,000. Tsfg LLC bought a new position in shares of Smurfit Westrock in the first quarter worth about $30,000. IMA Advisory Services Inc. bought a new position in shares of Smurfit Westrock in the first quarter worth about $30,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Smurfit Westrock in the first quarter worth about $40,000. Finally, SVB Wealth LLC bought a new position in shares of Smurfit Westrock in the first quarter worth about $49,000. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Trading Up 0.5%

Shares of NYSE SW opened at $41.51 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. The business's 50 day moving average price is $43.88 and its 200-day moving average price is $43.79. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 62.89 and a beta of 1.09.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly 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 return on equity of 5.90% and a net margin of 1.14%.The business had revenue of $7.94 billion during the quarter, compared to analysts' expectations of $7.88 billion. The company's revenue for the quarter was up 167.4% compared to the same quarter last year. On average, sell-side analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, August 15th. Smurfit Westrock's dividend payout ratio is presently 260.61%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group started coverage on Smurfit Westrock in a research note on Monday, September 15th. They issued a "buy" rating and a $60.00 price objective for the company. Truist Financial increased their price target on Smurfit Westrock from $54.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Seaport Res Ptn raised Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Barclays dropped their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. increased their price target on Smurfit Westrock from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $57.90.

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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