Korea Investment CORP Has $8.86 Million Stock Position in Smurfit Westrock PLC $SW

Korea Investment CORP reduced its position in Smurfit Westrock PLC (NYSE:SW) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,185 shares of the company’s stock after selling 12,800 shares during the period. Korea Investment CORP’s holdings in Smurfit Westrock were worth $8,862,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. boosted 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 worth $27,000 after purchasing an additional 340 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Smurfit Westrock during the 2nd quarter valued at $29,000. Root Financial Partners LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at $33,000. Rexford Capital Inc. purchased a new stake in shares of Smurfit Westrock in the second quarter valued at $35,000. Finally, Groupe la Francaise acquired a new stake in shares of Smurfit Westrock in the second quarter worth $51,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SW. Argus lowered their price target on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Truist Financial set a $60.00 price objective on Smurfit Westrock in a research report on Thursday, February 12th. Royal Bank Of Canada upped their target price on Smurfit Westrock from $51.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Jefferies Financial Group set a $58.00 price target on shares of Smurfit Westrock in a research report on Thursday, February 12th. Finally, Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.10.

Smurfit Westrock Trading Down 1.3%

NYSE:SW opened at $42.17 on Thursday. The company’s 50 day moving average is $44.31 and its 200-day moving average is $41.57. The company has a quick ratio of 0.95, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of 31.71 and a beta of 1.06.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.12). The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.63 billion. Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%.Smurfit Westrock’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. Equities analysts anticipate that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th will be paid a $0.4523 dividend. The ex-dividend date is Tuesday, February 17th. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.3%. Smurfit Westrock’s dividend payout ratio is presently 135.34%.

Insider Transactions at Smurfit Westrock

In related news, CFO Ken Bowles sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the transaction, the chief financial officer owned 151,644 shares of the company’s stock, valued at approximately $7,773,271.44. The trade was a 6.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total value of $2,061,600.00. Following the sale, the chief executive officer owned 1,642,610 shares of the company’s stock, valued at approximately $84,660,119.40. The trade was a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.49% of the company’s stock.

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.