Beverly Hills Private Wealth LLC Purchases 6,994 Shares of Smurfit Westrock PLC (NYSE:SW)

Beverly Hills Private Wealth LLC increased its stake in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,146 shares of the company's stock after buying an additional 6,994 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in Smurfit Westrock were worth $3,747,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Gilliland Jeter Wealth Management LLC bought a new position in Smurfit Westrock in the 1st quarter valued at $203,000. Fullcircle Wealth LLC grew its stake in Smurfit Westrock by 34.6% in the 1st quarter. Fullcircle Wealth LLC now owns 16,773 shares of the company's stock valued at $714,000 after purchasing an additional 4,311 shares during the period. Principal Financial Group Inc. grew its stake in Smurfit Westrock by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 589,825 shares of the company's stock valued at $26,578,000 after purchasing an additional 2,355 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Smurfit Westrock by 1,462.4% during the 1st quarter. Teacher Retirement System of Texas now owns 76,043 shares of the company's stock valued at $3,426,000 after buying an additional 71,176 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its position in shares of Smurfit Westrock by 1.7% during the 1st quarter. DAVENPORT & Co LLC now owns 56,862 shares of the company's stock valued at $2,562,000 after buying an additional 964 shares during the last quarter. Institutional investors own 83.38% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SW shares. Jefferies Financial Group raised 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. Wells Fargo & Company dropped their price objective on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. 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. 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. Finally, Morgan Stanley dropped their price objective on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.40.

Insider Transactions at Smurfit Westrock

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

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock traded up $0.14 during trading hours on Tuesday, reaching $46.98. 713,512 shares of the stock traded hands, compared to its average volume of 4,519,188. The company has a 50 day moving average price of $43.63 and a 200 day moving average price of $47.07. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 38.46 and a beta of 1.02. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The firm's revenue was up 161.3% compared to the same quarter last year. On average, equities research analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal 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 dividend of $0.4308 per share. The ex-dividend date was Friday, May 16th. This represents a yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is presently 140.98%.

About Smurfit Westrock

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.