Wealth Enhancement Advisory Services LLC Decreases Stock Position in Smurfit Westrock PLC $SW

Wealth Enhancement Advisory Services LLC cut its holdings in Smurfit Westrock PLC (NYSE:SW) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,926 shares of the company’s stock after selling 19,044 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Smurfit Westrock were worth $3,887,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Smurfit Westrock by 90.5% in the 1st 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 in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Smurfit Westrock by 6.7% during the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock valued at $248,000 after buying an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Smurfit Westrock by 5.9% during 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 buying an additional 2,698 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Smurfit Westrock by 192.3% in the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after buying an additional 8,726 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in Smurfit Westrock by 40.8% in the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after buying an additional 12,096 shares in the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Ken Bowles sold 10,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the sale, the chief financial officer owned 151,644 shares of the company’s stock, valued at $7,773,271.44. The trade was a 6.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total transaction of $2,061,600.00. Following the sale, the chief executive officer directly owned 1,642,610 shares of the company’s stock, valued at approximately $84,660,119.40. The trade was a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is currently owned by corporate insiders.

Smurfit Westrock Trading Down 3.1%

Shares of NYSE:SW opened at $38.20 on Tuesday. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of 28.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.48. The stock’s 50-day simple moving average is $43.64 and its two-hundred day simple moving average is $40.87. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Friday, February 27th. The company reported $0.34 EPS for the quarter. Smurfit Westrock had a net margin of 2.24% and a return on equity of 6.10%. The firm had revenue of $7.58 billion during the quarter. Analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 17th were issued 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 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Smurfit Westrock’s dividend payout ratio is currently 136.09%.

Wall Street Analyst Weigh In

SW has been the topic of several research analyst reports. Truist Financial set a $60.00 target price on shares of Smurfit Westrock in a research note on Thursday, February 12th. Citigroup lifted their price target on shares of Smurfit Westrock from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Argus decreased their price objective on shares of Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Royal Bank Of Canada raised their target price 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. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.91.

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.