Wealth Enhancement Advisory Services LLC Purchases 22,430 Shares of Smurfit Westrock Ltd (NYSE:SW)

Wealth Enhancement Advisory Services LLC increased its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,732 shares of the company's stock after purchasing an additional 22,430 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Smurfit Westrock were worth $6,179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SW. JPMorgan Chase & Co. bought a new stake in Smurfit Westrock in the third quarter worth $221,026,000. Caprock Group LLC boosted its holdings in Smurfit Westrock by 65.8% in the fourth quarter. Caprock Group LLC now owns 9,426 shares of the company's stock worth $508,000 after acquiring an additional 3,740 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Smurfit Westrock by 8.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,416 shares of the company's stock worth $938,000 after acquiring an additional 1,287 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Smurfit Westrock by 0.5% in the fourth quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company's stock worth $3,011,000 after acquiring an additional 299 shares in the last quarter. Finally, Journey Strategic Wealth LLC bought a new stake in Smurfit Westrock in the fourth quarter worth $207,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded up $0.29 during midday trading on Friday, reaching $43.36. 1,561,446 shares of the company's stock traded hands, compared to its average volume of 4,552,347. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 78.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The stock has a 50 day moving average of $42.62 and a 200 day moving average of $48.76.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly 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. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock's quarterly revenue was up 161.3% on a year-over-year basis. As a group, equities research analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 19th will be issued a $0.4308 dividend. This represents a dividend yield of 3.7%. The ex-dividend date is Friday, May 16th. Smurfit Westrock's payout ratio is 140.98%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SW. Morgan Stanley dropped their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company dropped their target price 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 target price on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Truist Financial lowered their price target on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada lowered their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $58.20.

Insider Buying and Selling

In other Smurfit Westrock news, Director Irial Finan acquired 15,180 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director now owns 54,893 shares in the company, valued at $2,152,354.53. This represents a 38.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

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.