Cullen Capital Management LLC Has $22.18 Million Holdings in Smurfit Westrock PLC $SW

Cullen Capital Management LLC decreased its position in Smurfit Westrock PLC (NYSE:SW) by 39.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 514,091 shares of the company’s stock after selling 337,574 shares during the period. Cullen Capital Management LLC’s holdings in Smurfit Westrock were worth $22,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SW. CYBER HORNET ETFs LLC acquired a new stake in Smurfit Westrock during the 2nd quarter valued at $29,000. Rexford Capital Inc. purchased a new position in shares of Smurfit Westrock during the second quarter valued at $35,000. Whipplewood Advisors LLC grew its holdings in shares of Smurfit Westrock by 50.0% during the second quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after buying an additional 342 shares in the last quarter. SVB Wealth LLC acquired a new position in Smurfit Westrock during the first quarter valued at $49,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Smurfit Westrock by 81.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company’s stock worth $49,000 after acquiring an additional 507 shares in the last quarter. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SW has been the topic of several research analyst reports. UBS Group assumed coverage on Smurfit Westrock in a research note on Monday, September 15th. They set a “buy” rating and a $60.00 target price on the stock. Zacks Research cut shares of Smurfit Westrock from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Wells Fargo & Company lowered their price objective on shares of Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley reiterated an “overweight” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, November 3rd. Finally, Truist Financial lowered their price target on shares of Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.60.

Smurfit Westrock Price Performance

NYSE SW opened at $37.18 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $19.42 billion, a PE ratio of 26.00 and a beta of 1.10. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $56.05. The company has a 50 day moving average price of $37.81 and a two-hundred day moving average price of $42.24.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.10). Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The business had revenue of $8 billion for the quarter, compared to analyst estimates of $7.89 billion. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, November 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 120.28%.

About Smurfit Westrock

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.