Vontobel Holding Ltd. Has $49.08 Million Stock Holdings in Smurfit Westrock PLC $SW

Vontobel Holding Ltd. lifted its position in Smurfit Westrock PLC (NYSE:SW) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,269,135 shares of the company’s stock after acquiring an additional 27,557 shares during the period. Vontobel Holding Ltd. owned approximately 0.24% of Smurfit Westrock worth $49,077,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $28,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Smurfit Westrock in the 2nd quarter valued at approximately $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $31,000. McMillan Office Inc. acquired a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $35,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Smurfit Westrock by 4,585.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 937 shares of the company’s stock valued at $36,000 after acquiring an additional 917 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of SW opened at $43.28 on Friday. The stock has a market capitalization of $22.70 billion, a P/E ratio of 60.11 and a beta of 0.96. Smurfit Westrock PLC has a twelve month low of $32.73 and a twelve month high of $52.65. The company has a 50 day moving average of $40.46 and a 200-day moving average of $41.00. 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 issued 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 for 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%.Smurfit Westrock’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. As a group, equities research analysts forecast that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.4523 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 251.39%.

Analyst Ratings Changes

A number of analysts recently weighed in on SW shares. Citigroup cut 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 lowered their target price on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. UBS Group lowered their target price on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research note on Friday, May 29th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company 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.