Wharton Business Group LLC Decreases Position in Smurfit Westrock PLC $SW

Wharton Business Group LLC trimmed its holdings in Smurfit Westrock PLC (NYSE:SW) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,742 shares of the company’s stock after selling 17,830 shares during the period. Wharton Business Group LLC’s holdings in Smurfit Westrock were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. grew its stake in Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after buying an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Smurfit Westrock in the 2nd quarter valued at approximately $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Smurfit Westrock in the 4th quarter valued at approximately $28,000. Clearstead Advisors LLC grew its stake in Smurfit Westrock by 231.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock valued at $51,000 after buying an additional 927 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Smurfit Westrock in the 2nd quarter valued at approximately $63,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SW shares. JPMorgan Chase & Co. reduced their price objective on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Jefferies Financial Group set a $58.00 price objective on shares of Smurfit Westrock in a research note on Thursday, February 12th. UBS Group reduced their price objective on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. The Goldman Sachs Group started coverage on shares of Smurfit Westrock in a research note on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday, May 29th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Smurfit Westrock has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Smurfit Westrock Stock Down 2.2%

SW opened at $41.34 on Friday. The company has a fifty day moving average price of $40.28 and a 200-day moving average price of $40.73. The firm has a market capitalization of $21.68 billion, a P/E ratio of 57.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. Equities research analysts expect that Smurfit Westrock PLC will post 2.32 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s payout ratio is 251.39%.

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.