Wealth Alliance LLC Purchases New Position in Smurfit Westrock PLC $SW

Wealth Alliance LLC purchased a new stake in shares of Smurfit Westrock PLC (NYSE:SW) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,985 shares of the company’s stock, valued at approximately $478,000.

A number of other large investors have also added to or reduced their stakes in SW. Capital Research Global Investors boosted its position in shares of Smurfit Westrock by 31.2% during the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after acquiring an additional 8,596,558 shares during the last quarter. State Street Corp raised its stake in Smurfit Westrock by 3.6% during the fourth quarter. State Street Corp now owns 24,652,132 shares of the company’s stock valued at $953,311,000 after purchasing an additional 845,218 shares in the last quarter. Orbis Allan Gray Ltd raised its stake in Smurfit Westrock by 81.9% during the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after purchasing an additional 8,286,205 shares in the last quarter. Geode Capital Management LLC lifted its position in Smurfit Westrock by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after purchasing an additional 155,778 shares during the last quarter. Finally, Norges Bank bought a new position in Smurfit Westrock during the fourth quarter valued at $495,335,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.2%

NYSE SW opened at $48.67 on Monday. 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 PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 67.59, a PEG ratio of 0.81 and a beta of 0.95. The company has a fifty day moving average of $42.89 and a two-hundred day moving average of $42.61.

Smurfit Westrock (NYSE:SW) last announced its 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 firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. On average, analysts predict that Smurfit Westrock PLC will post 2.24 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is presently 251.39%.

Wall Street Analysts Forecast Growth

SW has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $57.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Truist Financial upped their target price on shares of Smurfit Westrock from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Barclays lowered their price target on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. UBS Group dropped their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, Weiss Ratings raised Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Eleven 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 an average rating of “Moderate Buy” and a consensus target price of $54.83.

About Smurfit Westrock

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.