Free Trial

Mackenzie Financial Corp Reduces Holdings in Smurfit Westrock PLC (NYSE:SW)

Smurfit Westrock logo with Basic Materials background

Key Points

  • Mackenzie Financial Corp has reduced its holdings in Smurfit Westrock PLC by 19.5%, now owning approximately 1,186,188 shares worth $53.2 million after selling 287,082 shares.
  • Smurfit Westrock reported a 161.3% year-over-year increase in revenue, totaling $7.66 billion, and exceeded earnings expectations with an EPS of $0.73.
  • The company declared a dividend of $0.4308 per share, equating to a yield of 3.7%, with a payout ratio of 140.98%.
  • MarketBeat previews top five stocks to own in August.
  • Limited Time Offer: Unlock powerful research tools, advanced financial data, and expert insights to help you invest with confidence. Save 50% when you upgrade to MarketBeat All Access during the month of July. Claim your discount here.

Mackenzie Financial Corp decreased its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 19.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,186,188 shares of the company's stock after selling 287,082 shares during the period. Mackenzie Financial Corp owned approximately 0.23% of Smurfit Westrock worth $53,228,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Covestor Ltd grew its stake in shares of Smurfit Westrock by 8.9% during the fourth quarter. Covestor Ltd now owns 2,308 shares of the company's stock worth $124,000 after acquiring an additional 188 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Smurfit Westrock by 3.0% during the fourth quarter. Bessemer Group Inc. now owns 6,771 shares of the company's stock worth $364,000 after acquiring an additional 197 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Smurfit Westrock by 1.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock worth $855,000 after acquiring an additional 225 shares during the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of Smurfit Westrock by 4.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 5,763 shares of the company's stock worth $310,000 after acquiring an additional 235 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Smurfit Westrock by 54.0% during the first quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after acquiring an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Trading Down 0.7%

Smurfit Westrock stock opened at $48.50 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a 12 month low of $37.01 and a 12 month high of $56.99. The stock's 50 day simple moving average is $44.77 and its two-hundred day simple moving average is $46.39. The firm has a market cap of $25.32 billion, a PE ratio of 39.75 and a beta of 1.02.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.41 billion. The business's quarterly revenue was up 161.3% on a year-over-year basis. Analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th were given a $0.4308 dividend. The ex-dividend date was Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio is presently 140.98%.

Analyst Ratings Changes

A number of brokerages recently commented on SW. Wells Fargo & Company upped their target price on Smurfit Westrock from $43.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Truist Financial upped their target price on Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and upped their target price for the company from $44.00 to $55.00 in a research report on Monday, June 16th. Royal Bank Of Canada dropped their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley upped their target price on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. 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 data from MarketBeat.com, Smurfit Westrock has an average rating of "Moderate Buy" and an average price target of $57.90.

View Our Latest Stock Analysis on Smurfit Westrock

Insider Buying and Selling

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of Smurfit Westrock stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $39.21 per share, with a total value of $595,207.80. Following the purchase, the director directly owned 54,893 shares in the company, valued at $2,152,354.53. This represents a 38.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.49% of the company's stock.

About Smurfit Westrock

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smurfit Westrock PLC (NYSE:SW - Free Report).

Institutional Ownership by Quarter for Smurfit Westrock (NYSE:SW)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Smurfit Westrock Right Now?

Before you consider Smurfit Westrock, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Smurfit Westrock wasn't on the list.

While Smurfit Westrock currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ACT FAST! Congress is Dumping these 3 Stocks
3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines