Corient Private Wealth LP Cuts Stock Holdings in Smurfit Westrock PLC $SW

Key Points

• Corient Private Wealth cut its Smurfit Westrock stake by 69% in the second quarter, selling 43,277 shares and retaining 19,486 shares valued at approximately $901,000. Institutional investors still own 83.38% of the company.
• Analysts remain generally positive, with 11 Buy ratings and two Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $57.54.
• Smurfit Westrock reported quarterly EPS of $0.35, below the $0.42 consensus estimate, while revenue reached $8.03 billion and rose 1.1% year over year. The company paid a quarterly dividend of $0.4523, representing a 3.9% annualized yield.

Corient Private Wealth LP cut its stake in Smurfit Westrock PLC (NYSE:SW - Free Report) by 69.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,486 shares of the company's stock after selling 43,277 shares during the period. Corient Private Wealth LP's holdings in Smurfit Westrock were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its stake in shares of Smurfit Westrock by 23.4% in the second quarter. Handelsbanken Fonder AB now owns 194,600 shares of the company's stock valued at $9,002,000 after buying an additional 36,900 shares in the last quarter. Trinity Street Asset Management LLP acquired a new position in Smurfit Westrock during the second quarter worth $243,400,000. Janus Henderson Group PLC raised its position in Smurfit Westrock by 11.2% during the first quarter. Janus Henderson Group PLC now owns 212,511 shares of the company's stock worth $8,350,000 after acquiring an additional 21,388 shares in the last quarter. Optiver Holding B.V. bought a new stake in Smurfit Westrock during the first quarter worth $1,074,000. Finally, Hsbc Holdings PLC acquired a new stake in Smurfit Westrock in the first quarter valued at $44,056,000. Institutional investors own 83.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SW. Citigroup lifted their price objective on shares of Smurfit Westrock from $56.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Loop Capital set a $71.00 target price on shares of Smurfit Westrock in a research note on Tuesday, July 28th. Morgan Stanley lifted their price target on Smurfit Westrock from $57.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Truist Financial boosted their price target on Smurfit Westrock from $55.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded Smurfit Westrock from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and an average target price of $57.54.

Smurfit Westrock Price Performance

Shares of SW opened at $46.47 on Monday. The company's 50-day moving average is $46.74 and its 200-day moving average is $43.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.96. The firm has a market capitalization of $24.37 billion, a PE ratio of 49.43, a PEG ratio of 1.48 and a beta of 0.95. Smurfit Westrock PLC has a fifty-two week low of $32.73 and a fifty-two week high of $52.65.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.07). The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) EPS. Equities analysts forecast that Smurfit Westrock PLC will post 1.98 EPS for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were given a $0.4523 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.81 annualized dividend and a dividend yield of 3.9%. Smurfit Westrock's dividend payout ratio is presently 192.55%.

About Smurfit Westrock

Smurfit Westrock plc NYSE: SW is a global provider of paper and corrugated packaging solutions. The company designs and manufactures products such as corrugated shipping containers, consumer packaging, folding cartons, paper bags, displays and other fiber-based packaging used across a range of industries.

The company also produces containerboard and other paper products that support its packaging operations, along with recycling and packaging-related services. Its customers include businesses in the food and beverage, consumer products, industrial, e-commerce and retail sectors.

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