Smurfit Westrock PLC $SW Stake Lessened by Cullen Capital Management LLC

Cullen Capital Management LLC trimmed its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 924,448 shares of the company’s stock after selling 228,926 shares during the period. Cullen Capital Management LLC’s holdings in Smurfit Westrock were worth $35,748,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors boosted its holdings in Smurfit Westrock by 31.2% during the fourth quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock worth $1,397,057,000 after buying an additional 8,596,558 shares in the last quarter. State Street Corp boosted its holdings in Smurfit Westrock by 14.6% during the third quarter. State Street Corp now owns 23,806,914 shares of the company’s stock worth $1,013,474,000 after buying an additional 3,027,125 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings 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 worth $793,978,000 after buying an additional 8,286,205 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $531,483,000 after buying an additional 155,778 shares in the last quarter. Finally, Norges Bank bought a new stake in Smurfit Westrock during the fourth quarter worth approximately $495,335,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Up 1.4%

Shares of NYSE:SW opened at $43.28 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The company has a market cap of $22.70 billion, a PE ratio of 60.11 and a beta of 0.96. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The firm has a 50 day simple moving average of $40.46 and a 200 day simple moving average of $41.00.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.33 EPS 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 firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. As a group, research analysts expect that Smurfit Westrock PLC will post 2.32 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 given a $0.4523 dividend. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio is 251.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SW. UBS Group reduced their target price on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 13th. Royal Bank Of Canada reduced their target price on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Zacks Research upgraded shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company reduced their target price on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

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.