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Smurfit Westrock PLC (NYSE:SW) Shares Sold by Flossbach Von Storch SE

Smurfit Westrock logo with Basic Materials background

Flossbach Von Storch SE lowered its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AlphaStar Capital Management LLC lifted its position in shares of Smurfit Westrock by 12.2% during the 1st quarter. AlphaStar Capital Management LLC now owns 24,293 shares of the company's stock valued at $1,095,000 after acquiring an additional 2,648 shares during the period. Exane Asset Management lifted its position in shares of Smurfit Westrock by 118.7% during the 1st quarter. Exane Asset Management now owns 218,289 shares of the company's stock valued at $10,623,000 after acquiring an additional 118,487 shares during the period. Beverly Hills Private Wealth LLC lifted its position in shares of Smurfit Westrock by 9.2% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 83,146 shares of the company's stock valued at $3,747,000 after acquiring an additional 6,994 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Smurfit Westrock during the 1st quarter valued at approximately $203,000. Finally, Fullcircle Wealth LLC lifted its position in shares of Smurfit Westrock by 34.6% during the 1st quarter. Fullcircle Wealth LLC now owns 16,773 shares of the company's stock valued at $714,000 after acquiring an additional 4,311 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and raised their price objective for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. Royal Bank Of Canada dropped their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Barclays lowered their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Morgan Stanley lifted their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.30.

Check Out Our Latest Report on Smurfit Westrock

Smurfit Westrock Stock Performance

NYSE:SW opened at $47.13 on Wednesday. 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 firm has a 50-day moving average of $43.72 and a two-hundred day moving average of $47.07. The stock has a market cap of $24.60 billion, a P/E ratio of 38.63 and a beta of 1.02. Smurfit Westrock PLC has a 1-year low of $37.01 and a 1-year high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock had a net margin of 1.98% and a return on equity of 7.38%. The firm's revenue was up 161.3% on a year-over-year basis. On average, 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 announced a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th were paid a $0.4308 dividend. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is presently 140.98%.

Insider Activity

In related news, Director Irial Finan bought 15,180 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the purchase, the director owned 54,893 shares in the company, valued at $2,152,354.53. This trade represents a 38.22% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company's stock.

Smurfit Westrock Company 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.

Read More

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.

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