Wharton Business Group LLC Sells 17,830 Shares of Smurfit Westrock PLC $SW

Wharton Business Group LLC reduced its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 40.0% in the fourth quarter, according to its most recent filing with the SEC. The fund 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 SEC filing.

A number of other hedge funds also recently made changes to their positions in SW. AQR Capital Management LLC lifted its holdings in shares of Smurfit Westrock by 90.5% during the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock worth $593,000 after acquiring an additional 6,378 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Smurfit Westrock by 6.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after acquiring an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Smurfit Westrock by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after acquiring an additional 2,698 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Smurfit Westrock by 192.3% during the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after acquiring an additional 8,726 shares during the last quarter. Finally, Woodline Partners LP lifted its holdings in shares of Smurfit Westrock by 40.8% during the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after acquiring an additional 12,096 shares during the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Performance

Smurfit Westrock stock opened at $41.34 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $21.68 billion, a PE ratio of 57.42 and a beta of 0.96. The firm has a fifty day simple moving average of $40.28 and a two-hundred day simple moving average of $40.73. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65.

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

Smurfit Westrock Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on SW. Truist Financial set a $50.00 price objective on shares of Smurfit Westrock in a report on Friday, May 1st. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. UBS Group dropped their price objective on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a report on Friday, May 29th. Finally, The Goldman Sachs Group began coverage on shares of Smurfit Westrock in a report on Tuesday, March 24th. They set a “buy” rating and a $49.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Smurfit Westrock has a consensus rating of “Moderate Buy” and an average 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.