Korea Investment CORP Has $9.54 Million Stock Position in Smurfit Westrock PLC $SW

Korea Investment CORP boosted its position in Smurfit Westrock PLC (NYSE:SW) by 85.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,985 shares of the company’s stock after buying an additional 102,112 shares during the quarter. Korea Investment CORP’s holdings in Smurfit Westrock were worth $9,536,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in shares of Smurfit Westrock in the first quarter worth about $29,000. Whipplewood Advisors LLC grew 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 buying an additional 342 shares during the last quarter. SVB Wealth LLC bought a new position in Smurfit Westrock in the 1st quarter worth approximately $49,000. MassMutual Private Wealth & Trust FSB increased its position in Smurfit Westrock by 81.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock worth $49,000 after buying an additional 507 shares during the period. Finally, Huntington National Bank boosted its position in shares of Smurfit Westrock by 64.3% in the second quarter. Huntington National Bank now owns 1,405 shares of the company’s stock valued at $61,000 after acquiring an additional 550 shares during the period. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group started coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They set a “buy” rating and a $60.00 target price on the stock. Barclays dropped their price objective on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Tuesday, November 25th. Truist Financial decreased their target price on Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.30.

Smurfit Westrock Stock Down 0.3%

NYSE SW opened at $35.69 on Monday. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $56.05. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 24.96 and a beta of 1.11. The stock’s 50 day moving average is $39.08 and its two-hundred day moving average is $42.86. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.10). The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The business’s revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be paid a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, November 14th. Smurfit Westrock’s payout ratio is currently 120.28%.

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.