Wharton Business Group LLC cut its holdings in Smurfit Westrock PLC (NYSE:SW - Free Report) by 27.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,952 shares of the company's stock after selling 18,142 shares during the period. Wharton Business Group LLC's holdings in Smurfit Westrock were worth $2,278,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in Smurfit Westrock in the 4th quarter worth approximately $30,000. Tsfg LLC bought a new position in Smurfit Westrock in the 1st quarter worth approximately $30,000. IMA Advisory Services Inc. bought a new position in Smurfit Westrock in the 1st quarter worth approximately $30,000. Versant Capital Management Inc boosted its holdings in Smurfit Westrock by 54.0% in the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock valued at $35,000 after purchasing an additional 273 shares during the period. Finally, Smallwood Wealth Investment Management LLC bought a new position in Smurfit Westrock in the 1st quarter valued at $40,000. 83.38% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Barclays cut their price target 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. Truist Financial raised their price target on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a report on Friday, July 11th. 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 raised their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company raised their price target on shares of Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $58.00.
Read Our Latest Stock Analysis on SW
Smurfit Westrock Price Performance
Shares of NYSE SW traded down $0.13 during mid-day trading on Friday, reaching $43.67. 2,797,273 shares of the company were exchanged, compared to its average volume of 3,503,177. Smurfit Westrock PLC has a 52 week low of $37.01 and a 52 week high of $56.99. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $22.80 billion, a PE ratio of 66.17 and a beta of 1.06. The company's 50 day moving average price is $44.87 and its 200 day moving average price is $45.91.
Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.88 billion. The firm's quarterly revenue was up 167.4% on a year-over-year basis. Sell-side 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 15th will be given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.9%. Smurfit Westrock's payout ratio is presently 260.61%.
About Smurfit Westrock
(
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.
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