JPMorgan Chase & Co. Has $266.11 Million Stock Position in Smurfit Westrock PLC $SW

JPMorgan Chase & Co. boosted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 16.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,251,085 shares of the company’s stock after purchasing an additional 889,239 shares during the period. JPMorgan Chase & Co.’s holdings in Smurfit Westrock were worth $266,109,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Smurfit Westrock by 8.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 970,595 shares of the company’s stock worth $40,762,000 after acquiring an additional 74,360 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Smurfit Westrock by 7.0% in the 2nd quarter. New York State Common Retirement Fund now owns 520,366 shares of the company’s stock valued at $22,454,000 after purchasing an additional 34,088 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Smurfit Westrock by 42.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,239,822 shares of the company’s stock worth $52,779,000 after purchasing an additional 372,177 shares in the last quarter. Exane Asset Management raised its holdings in Smurfit Westrock by 35.4% during the 3rd quarter. Exane Asset Management now owns 345,393 shares of the company’s stock worth $14,703,000 after buying an additional 90,233 shares during the period. Finally, Marathon Asset Management Ltd bought a new position in Smurfit Westrock in the third quarter valued at approximately $10,360,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Trading Down 4.0%

Shares of Smurfit Westrock stock opened at $49.77 on Friday. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $55.16. The stock has a market cap of $26.00 billion, a P/E ratio of 37.42 and a beta of 1.09. The company has a quick ratio of 0.95, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $42.37 and its 200-day moving average is $41.44.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, February 11th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.12). The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.63 billion. Smurfit Westrock had a net margin of 2.24% and a return on equity of 6.10%. Smurfit Westrock’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. Equities research analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.4523 per share. The ex-dividend date is Tuesday, February 17th. This represents a $1.81 annualized dividend and a dividend yield of 3.6%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. Smurfit Westrock’s dividend payout ratio (DPR) is presently 136.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SW shares. Royal Bank Of Canada increased their price objective on shares of Smurfit Westrock from $51.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Barclays upped their price target on Smurfit Westrock from $47.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Smurfit Westrock from $48.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Jefferies Financial Group set a $58.00 target price on shares of Smurfit Westrock in a report on Thursday, February 12th. Ten 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, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average price target of $57.20.

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.