Smurfit Westrock PLC $SW Shares Sold by US Bancorp DE

US Bancorp DE decreased its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 21.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,575 shares of the company’s stock after selling 3,721 shares during the quarter. US Bancorp DE’s holdings in Smurfit Westrock were worth $586,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SW. Exchange Traded Concepts LLC increased its stake in Smurfit Westrock by 20.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,721 shares of the company’s stock valued at $78,000 after purchasing an additional 295 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Smurfit Westrock by 106.3% in the first quarter. QRG Capital Management Inc. now owns 11,709 shares of the company’s stock worth $528,000 after acquiring an additional 6,032 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Smurfit Westrock by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company’s stock worth $2,610,000 after acquiring an additional 1,600 shares during the period. Nilsine Partners LLC increased its stake in shares of Smurfit Westrock by 18.4% in the first quarter. Nilsine Partners LLC now owns 5,305 shares of the company’s stock worth $239,000 after acquiring an additional 826 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Smurfit Westrock by 3.8% in the first quarter. Asset Management One Co. Ltd. now owns 204,249 shares of the company’s stock worth $9,203,000 after acquiring an additional 7,455 shares during the period. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.5%

SW stock opened at $41.51 on Monday. The firm has a market cap of $21.67 billion, a PE ratio of 62.89 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45. The firm’s fifty day moving average is $43.88 and its 200 day moving average is $43.79. Smurfit Westrock PLC has a one year low of $37.01 and a one year high of $56.99.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 EPS 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 net margin of 1.14% and a return on equity of 5.90%. The business’s revenue was up 167.4% compared to the same quarter last year. On average, research analysts forecast that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 15th were issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 260.61%.

Analyst Ratings Changes

SW has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. UBS Group initiated coverage on shares of Smurfit Westrock in a research note on Monday, September 15th. They issued a “buy” rating and a $60.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Wednesday, October 8th. Barclays cut their price objective 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, Seaport Res Ptn upgraded shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $57.90.

Smurfit Westrock 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.