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Flossbach Von Storch SE Decreases Stake in Smurfit Westrock PLC (NYSE:SW)

Smurfit Westrock logo with Basic Materials background

Flossbach Von Storch SE decreased its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,532 shares of the company's stock after selling 41,677 shares during the period. Flossbach Von Storch SE owned about 0.08% of Smurfit Westrock worth $18,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd increased its position in shares of Smurfit Westrock by 8.9% during the 4th quarter. Covestor Ltd now owns 2,308 shares of the company's stock worth $124,000 after purchasing an additional 188 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Smurfit Westrock by 3.0% in the 4th quarter. Bessemer Group Inc. now owns 6,771 shares of the company's stock valued at $364,000 after buying an additional 197 shares during the period. Assetmark Inc. boosted its stake in shares of Smurfit Westrock by 16.6% in the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company's stock valued at $75,000 after buying an additional 198 shares during the period. Rockefeller Capital Management L.P. lifted its stake in 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 purchasing an additional 225 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its stake in 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 purchasing an additional 235 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded up $0.20 during trading on Wednesday, reaching $47.32. The company had a trading volume of 2,374,626 shares, compared to its average volume of 4,268,704. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 38.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 0.93. The stock's fifty day moving average price is $43.72 and its 200 day moving average price is $47.07. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99.

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

Smurfit Westrock Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, May 19th were paid a $0.4308 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is presently 140.98%.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan purchased 15,180 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SW has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and lifted their price target for the stock from $44.00 to $55.00 in a research report on Monday, June 16th. Barclays cut their price target on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Wells Fargo & Company cut their price target on Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial cut their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Smurfit Westrock presently has an average rating of "Moderate Buy" and a consensus target price of $57.30.

Get Our Latest Stock Report on SW

Smurfit Westrock Profile

(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

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

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