Nicholas Hoffman & Company LLC. Acquires 6,616 Shares of Smurfit Westrock PLC (NYSE:SW)

Key Points

• Nicholas Hoffman & Company LLC increased its stake in Smurfit Westrock PLC by 69.1%, acquiring an additional 6,616 shares, bringing their total holdings to 16,190 shares valued at $730,000.
• Smurfit Westrock reported quarterly earnings of $0.45 per share, missing estimates by $0.12, despite a 167.4% increase in revenue year-over-year, reaching $7.94 billion.
• The company announced a quarterly dividend of $0.4308 per share, representing a 4.0% dividend yield with a payout ratio of 260.61%.

Nicholas Hoffman & Company LLC. boosted its stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 69.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,190 shares of the company's stock after buying an additional 6,616 shares during the period. Nicholas Hoffman & Company LLC.'s holdings in Smurfit Westrock were worth $730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SW. Vanguard Group Inc. increased its holdings in shares of Smurfit Westrock by 0.4% in the 1st 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 during the period. Nuveen Asset Management LLC increased its holdings in shares of Smurfit Westrock by 51.6% in the 4th quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock valued at $1,115,996,000 after purchasing an additional 7,050,781 shares during the period. Capital Research Global Investors increased its holdings in shares of Smurfit Westrock by 1.8% in the 4th quarter. Capital Research Global Investors now owns 18,439,852 shares of the company's stock valued at $993,170,000 after purchasing an additional 318,806 shares during the period. Invesco Ltd. increased its holdings in shares of Smurfit Westrock by 3.4% in the 4th quarter. Invesco Ltd. now owns 9,849,057 shares of the company's stock valued at $530,470,000 after purchasing an additional 323,225 shares during the period. Finally, FMR LLC increased its holdings in shares of Smurfit Westrock by 12.4% in the 4th quarter. FMR LLC now owns 9,805,101 shares of the company's stock valued at $528,210,000 after purchasing an additional 1,078,103 shares during the period. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

Smurfit Westrock stock traded down $0.46 during trading hours on Monday, reaching $43.17. 837,174 shares of the company were exchanged, compared to its average volume of 3,687,271. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 65.34 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $44.87 and a 200 day moving average of $45.84. Smurfit Westrock PLC has a 12 month low of $37.01 and a 12 month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its 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). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.88 billion. The firm's quarterly revenue was up 167.4% compared to the same quarter last year. As a group, research analysts anticipate that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 15th will be given a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.0%. Smurfit Westrock's dividend payout ratio is 260.61%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Barclays dropped their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Morgan Stanley increased their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price objective for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Finally, Royal Bank Of Canada dropped their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Smurfit Westrock Company 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.