Wharton Business Group LLC Has $2.28 Million Holdings in Smurfit Westrock PLC (NYSE:SW)

Key Points

• Wharton Business Group LLC reduced its holdings in Smurfit Westrock PLC by 27.0% during the first quarter, owning 48,952 shares worth approximately $2.28 million after selling 18,142 shares.
• Smurfit Westrock announced a quarterly dividend of $0.4308 per share, representing an annualized yield of 3.9% with a payout ratio of 260.61%.
• Recent analysts' ratings show a consensus rating of "Moderate Buy" for Smurfit Westrock, with an average price target of $58.00, supported by eight buy ratings and one hold rating.

Wharton Business Group LLC lessened its holdings in shares of Smurfit Westrock PLC (NYSE:SW - Free Report) by 27.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Smurfit Westrock by 69.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 16,190 shares of the company's stock worth $730,000 after acquiring an additional 6,616 shares during the period. Vanguard Group Inc. lifted its stake in Smurfit Westrock by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 79,187,333 shares of the company's stock valued at $3,564,678,000 after purchasing an additional 316,074 shares during the last quarter. Legacy Capital Group California Inc. lifted its stake in Smurfit Westrock by 36.2% in the 1st quarter. Legacy Capital Group California Inc. now owns 6,489 shares of the company's stock valued at $292,000 after purchasing an additional 1,726 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Smurfit Westrock by 40.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,842 shares of the company's stock valued at $128,000 after purchasing an additional 825 shares during the last quarter. Finally, Empower Advisory Group LLC bought a new position in Smurfit Westrock in the 1st quarter valued at approximately $291,000. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Trading Up 0.2%

SW opened at $44.15 on Wednesday. Smurfit Westrock PLC has a twelve month low of $37.01 and a twelve month 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 company has a fifty day moving average of $44.89 and a 200-day moving average of $46.15. The stock has a market cap of $23.05 billion, a PE ratio of 66.89 and a beta of 1.06.

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 for the quarter, missing the consensus estimate of $0.57 by ($0.12). The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%. The company's revenue was up 167.4% compared to the same quarter last year. On average, sell-side analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be issued 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 260.61%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and upped their price target for the company from $44.00 to $55.00 in a research report on Monday, June 16th. Morgan Stanley upped their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Truist Financial upped their price target on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Barclays decreased their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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.

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