Cullen Capital Management LLC Purchases Shares of 1,359,382 Smurfit Westrock PLC $SW

Cullen Capital Management LLC purchased a new position in shares of Smurfit Westrock PLC (NYSE:SW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,359,382 shares of the company’s stock, valued at approximately $62,885,000. Cullen Capital Management LLC owned about 0.26% of Smurfit Westrock at the end of the most recent reporting period.

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

Smurfit Westrock Price Performance

SW stock opened at $48.78 on Tuesday. The company has a market capitalization of $25.59 billion, a P/E ratio of 51.89, a PEG ratio of 0.90 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 business has a 50 day simple moving average of $46.32 and a 200-day simple moving average of $43.53. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.93 billion. Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. As a group, equities analysts anticipate that Smurfit Westrock PLC will post 2.06 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 14th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 192.55%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SW. Citigroup upped their target price on shares of Smurfit Westrock from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of Smurfit Westrock from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company upped their price objective on shares of Smurfit Westrock from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.62.

Smurfit Westrock 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.