LifeWealth Investments LLC Purchases New Position in Smurfit Westrock PLC $SW

Key Points

• LifeWealth Investments LLC has acquired a new position in Smurfit Westrock PLC, purchasing 7,735 shares valued at approximately $334,000 during the 2nd quarter.
• Wall Street analysts are optimistic about Smurfit Westrock, with multiple firms raising their target prices and assigning an average rating of "Buy" with a consensus target price of $57.90.
• The company recently declared a quarterly dividend of $0.4308 per share, representing an annualized yield of 4.0%, although it has a high payout ratio of 260.61%.

LifeWealth Investments LLC purchased a new stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 7,735 shares of the company's stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ethic Inc. grew its holdings in shares of Smurfit Westrock by 0.6% during the 2nd quarter. Ethic Inc. now owns 41,103 shares of the company's stock valued at $1,770,000 after purchasing an additional 254 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of Smurfit Westrock by 1.7% during the 2nd quarter. Moody National Bank Trust Division now owns 15,001 shares of the company's stock valued at $647,000 after purchasing an additional 255 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Smurfit Westrock by 1.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 13,551 shares of the company's stock valued at $585,000 after purchasing an additional 258 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Smurfit Westrock by 21.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,494 shares of the company's stock valued at $64,000 after purchasing an additional 267 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Smurfit Westrock by 6.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 5,053 shares of the company's stock worth $226,000 after acquiring an additional 290 shares during the last quarter. 83.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SW shares. JPMorgan Chase & Co. boosted their target price on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. UBS Group started coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They set a "buy" rating and a $60.00 target price on the stock. Truist Financial boosted their target price on shares of Smurfit Westrock from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, October 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Finally, Wells Fargo & Company set a $52.00 target price on shares of Smurfit Westrock and gave the stock an "overweight" rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $57.90.

Smurfit Westrock Stock Up 0.8%

Shares of NYSE SW opened at $43.02 on Friday. The company has a market capitalization of $22.46 billion, a P/E ratio of 65.18 and a beta of 1.09. Smurfit Westrock PLC has a 52-week low of $37.01 and a 52-week high of $56.99. 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 company's 50 day moving average price is $43.76 and its 200-day moving average price is $43.81.

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 (EPS) 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 analyst estimates of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The business's quarterly revenue was up 167.4% on a year-over-year basis. Equities analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 15th were given a $0.4308 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. Smurfit Westrock's payout ratio is 260.61%.

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.

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