JPMorgan Chase & Co. Has $266.11 Million Stock Holdings in Smurfit Westrock PLC $SW

JPMorgan Chase & Co. boosted its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,251,085 shares of the company’s stock after purchasing an additional 889,239 shares during the quarter. JPMorgan Chase & Co. owned about 1.20% of Smurfit Westrock worth $266,109,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. lifted its holdings in shares of Smurfit Westrock by 113.3% during the third quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock worth $27,000 after buying an additional 340 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Smurfit Westrock during the second quarter worth $29,000. Root Financial Partners LLC bought a new position in Smurfit Westrock during the third quarter worth $33,000. Rexford Capital Inc. acquired a new position in Smurfit Westrock during the 2nd quarter valued at $35,000. Finally, Whipplewood Advisors LLC boosted its holdings in Smurfit Westrock by 50.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after purchasing an additional 342 shares during the period. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Performance

NYSE:SW opened at $49.77 on Friday. The firm has a market capitalization of $26.00 billion, a PE ratio of 37.42 and a beta of 1.09. 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 $55.16. The firm has a 50-day moving average price of $42.37 and a 200 day moving average price of $41.44.

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

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.4523 per share. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, February 17th. Smurfit Westrock’s dividend payout ratio is currently 136.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Smurfit Westrock from $51.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Barclays lifted their target price on Smurfit Westrock from $47.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup upped their price target on Smurfit Westrock from $48.00 to $59.00 and gave the company a “buy” rating in a report on Friday, February 13th. Jefferies Financial Group set a $58.00 price objective on Smurfit Westrock in a report on Thursday, February 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $61.00 price objective on shares of Smurfit Westrock in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

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.