Deutsche Bank AG Has $330.69 Million Stock Position in Smurfit Westrock PLC (NYSE:SW)

Key Points

• Deutsche Bank AG reduced its stake in Smurfit Westrock PLC by 1.7%, now holding 7,338,884 shares valued at $330.69 million.
• Analysts anticipate a 3.25 EPS for the current year, following a recent earnings report where Smurfit Westrock missed expectations with an EPS of $0.45.
• A quarterly dividend of $0.4308 per share was announced, translating to an annualized yield of 3.9% despite a high payout ratio of 260.61%.

Deutsche Bank AG reduced its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,338,884 shares of the company's stock after selling 130,385 shares during the period. Deutsche Bank AG owned about 1.41% of Smurfit Westrock worth $330,690,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SW. Citizens Financial Group Inc. RI grew its position in Smurfit Westrock by 2.8% during the first quarter. Citizens Financial Group Inc. RI now owns 11,893 shares of the company's stock valued at $536,000 after purchasing an additional 328 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its position in Smurfit Westrock by 69.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 16,190 shares of the company's stock valued at $730,000 after purchasing an additional 6,616 shares in the last quarter. Vanguard Group Inc. grew its position in Smurfit Westrock by 0.4% during the first quarter. Vanguard Group Inc. now owns 79,187,333 shares of the company's stock valued at $3,564,678,000 after purchasing an additional 316,074 shares in the last quarter. Legacy Capital Group California Inc. grew its position in Smurfit Westrock by 36.2% during the first quarter. Legacy Capital Group California Inc. now owns 6,489 shares of the company's stock valued at $292,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in Smurfit Westrock by 40.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,842 shares of the company's stock valued at $128,000 after purchasing an additional 825 shares in the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock traded up $0.67 on Tuesday, reaching $44.09. The stock had a trading volume of 878,670 shares, compared to its average volume of 3,678,894. The business's 50-day moving average price is $44.89 and its two-hundred day moving average price is $45.75. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The stock has a market cap of $23.02 billion, a P/E ratio of 66.83 and a beta of 1.06.

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

Smurfit Westrock Dividend Announcement

The firm 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 $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 3.9%. Smurfit Westrock's dividend payout ratio is currently 260.61%.

Analyst Upgrades and Downgrades

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