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

Flossbach Von Storch SE reduced its position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 9.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.08% of Smurfit Westrock worth $18,530,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Smurfit Westrock by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company's stock worth $4,249,613,000 after purchasing an additional 820,362 shares in the last quarter. Norges Bank purchased a new position in Smurfit Westrock during the fourth quarter worth about $1,300,041,000. Nuveen Asset Management LLC raised its holdings in Smurfit Westrock by 51.6% during the fourth quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock worth $1,115,996,000 after purchasing an additional 7,050,781 shares in the last quarter. Capital Research Global Investors raised its holdings in Smurfit Westrock by 1.8% during the fourth quarter. Capital Research Global Investors now owns 18,439,852 shares of the company's stock worth $993,170,000 after purchasing an additional 318,806 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Smurfit Westrock by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock worth $769,977,000 after purchasing an additional 1,594,939 shares in the last quarter. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SW has been the subject of several analyst reports. Truist Financial increased their price target on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company increased their price target on shares of Smurfit Westrock from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday. Royal Bank Of Canada cut their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Morgan Stanley increased their target price on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Barclays dropped their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, June 30th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $57.90.

Insider Activity at Smurfit Westrock

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

Smurfit Westrock Price Performance

Smurfit Westrock stock traded down $0.83 during mid-day trading on Friday, reaching $47.19. The company had a trading volume of 1,852,615 shares, compared to its average volume of 4,013,039. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. 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 company has a market capitalization of $24.63 billion, a P/E ratio of 38.68 and a beta of 1.02. The stock's 50-day simple moving average is $44.10 and its 200-day simple moving average is $46.93.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $7.41 billion. Smurfit Westrock had a net margin of 1.98% and a return on equity of 7.38%. The firm's quarterly revenue was up 161.3% compared to the same quarter last year. On average, equities analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, May 19th were given 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 is presently 140.98%.

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.