Goldman Sachs Group Inc. Sells 550,200 Shares of Smurfit Westrock PLC $SW

Goldman Sachs Group Inc. trimmed its position in shares of Smurfit Westrock PLC (NYSE:SW) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,087,008 shares of the company’s stock after selling 550,200 shares during the period. Goldman Sachs Group Inc. owned 0.59% of Smurfit Westrock worth $119,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Smurfit Westrock in the 4th quarter valued at about $28,000. CYBER HORNET ETFs LLC acquired a new position in Smurfit Westrock during the second quarter worth approximately $29,000. Clearstead Advisors LLC raised its stake in Smurfit Westrock by 231.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,327 shares of the company’s stock valued at $51,000 after buying an additional 927 shares during the period. Fideuram Asset Management Ireland dac bought a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $61,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Smurfit Westrock during the 2nd quarter worth approximately $63,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 1.8%

Shares of NYSE SW opened at $40.54 on Tuesday. The company has a market cap of $21.26 billion, a price-to-earnings ratio of 56.30 and a beta of 0.96. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average price of $40.29 and a two-hundred day moving average price of $40.82. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. As a group, analysts forecast that Smurfit Westrock PLC will post 2.32 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s payout ratio is 251.39%.

Wall Street Analysts Forecast Growth

SW has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Truist Financial set a $50.00 price target on shares of Smurfit Westrock in a report on Friday, May 1st. The Goldman Sachs Group assumed coverage on Smurfit Westrock in a research note on Tuesday, March 24th. They set a “buy” rating and a $49.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a report on Friday, May 29th. Finally, Jefferies Financial Group set a $58.00 target price on shares of Smurfit Westrock in a research 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 stock. According to MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus target price 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.