American Century Companies Inc. Has $7.81 Million Stock Holdings in Smurfit Westrock PLC $SW

Key Points

• American Century Companies Inc. has reduced its stake in Smurfit Westrock PLC by 36.2%, selling 98,520 shares and retaining 173,270 shares, valued at approximately $7.8 million.
• Smurfit Westrock recently announced a quarterly dividend of $0.4308 per share, reflecting an annualized dividend of $1.72 and a dividend yield of 3.8%.
• The company's latest earnings report revealed $7.94 billion in revenue for the quarter, an increase of 167.4% compared to the same period last year, but it missed EPS estimates by $0.12.

American Century Companies Inc. trimmed its position in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 36.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,270 shares of the company's stock after selling 98,520 shares during the quarter. American Century Companies Inc.'s holdings in Smurfit Westrock were worth $7,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Ethic Inc. grew its stake in Smurfit Westrock by 9.0% during the first quarter. Ethic Inc. now owns 40,849 shares of the company's stock worth $1,864,000 after buying an additional 3,387 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Smurfit Westrock by 16.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,138,983 shares of the company's stock worth $186,485,000 after buying an additional 587,626 shares during the last quarter. Horizon Investments LLC grew its stake in Smurfit Westrock by 5.7% during the first quarter. Horizon Investments LLC now owns 7,133 shares of the company's stock worth $321,000 after buying an additional 382 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in Smurfit Westrock by 1,010.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 73,120 shares of the company's stock worth $3,295,000 after buying an additional 66,538 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Smurfit Westrock by 3.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,002 shares of the company's stock worth $811,000 after buying an additional 586 shares during the last quarter. 83.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

SW has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price target for the company from $44.00 to $55.00 in a research note on Monday, June 16th. Wells Fargo & Company increased their price target on shares of Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Barclays decreased their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Finally, Truist Financial increased their price target on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.78.

Smurfit Westrock Trading Up 2.1%

NYSE SW traded up $0.99 during trading hours on Friday, hitting $47.38. The company's stock had a trading volume of 4,320,658 shares, compared to its average volume of 4,103,818. The stock has a fifty day moving average of $45.36 and a 200 day moving average of $44.93. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month high of $56.99. The firm has a market capitalization of $24.74 billion, a P/E ratio of 71.79 and a beta of 1.06. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.12). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.88 billion. The business's quarterly revenue was up 167.4% compared to the same quarter last year. Equities research analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 15th will be issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Smurfit Westrock's dividend payout ratio is currently 260.61%.

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.