Smurfit Westrock PLC $SW Shares Bought by Capital Research Global Investors

Capital Research Global Investors boosted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 31.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,127,677 shares of the company’s stock after buying an additional 8,596,558 shares during the quarter. Capital Research Global Investors owned approximately 6.92% of Smurfit Westrock worth $1,397,057,000 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 the company. International Private Wealth Advisors LLC grew its position in Smurfit Westrock by 3.5% during the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock valued at $277,000 after buying an additional 245 shares during the period. Benjamin Edwards Inc. grew its position in Smurfit Westrock by 4.1% during the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after buying an additional 264 shares during the period. AXA S.A. grew its position in Smurfit Westrock by 1.3% during the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock valued at $962,000 after buying an additional 285 shares during the period. Mariner LLC grew its position in Smurfit Westrock by 0.9% during the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after buying an additional 294 shares during the period. Finally, Creative Planning grew its position in Smurfit Westrock by 5.0% during the third quarter. Creative Planning now owns 7,082 shares of the company’s stock valued at $301,000 after buying an additional 338 shares during the period. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 2.2%

Shares of NYSE SW opened at $41.34 on Friday. The company’s 50-day simple moving average is $40.28 and its 200-day simple moving average is $40.73. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of 57.42 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 EPS. Equities analysts predict that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $0.4523 dividend. This represents a $1.81 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 251.39%.

Wall Street Analyst Weigh In

Several research firms recently commented on SW. Citigroup dropped their price target on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Barclays dropped their target price on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Wall Street Zen lowered shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $57.00 target price on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.