11,985 Shares in Smurfit Westrock PLC $SW Acquired by Wealth Alliance LLC

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

Several other hedge funds also recently bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Smurfit Westrock in the fourth quarter worth $28,000. DV Equities LLC bought a new stake in shares of Smurfit Westrock during the fourth quarter worth $28,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock during the second quarter valued at $29,000. Root Financial Partners LLC boosted its stake in shares of Smurfit Westrock by 187.6% during the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after purchasing an additional 501 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Smurfit Westrock in the fourth quarter worth about $31,000. Institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SW. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Wells Fargo & Company boosted their price objective on shares of Smurfit Westrock from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft started coverage on Smurfit Westrock in a report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price target for the company. Barclays dropped their price objective on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, Wall Street Zen downgraded Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

Smurfit Westrock Trading Up 0.2%

NYSE SW opened at $48.67 on Monday. 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 capitalization of $25.52 billion, a price-to-earnings ratio of 67.59, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. The company’s 50-day simple moving average is $42.89 and its two-hundred day simple moving average is $42.61. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $52.65.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. Smurfit Westrock’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. Equities analysts forecast that Smurfit Westrock PLC will post 2.24 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 251.39%.

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.