Smurfit Westrock PLC $SW Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA trimmed its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,381 shares of the company’s stock after selling 28,671 shares during the quarter. Banque Pictet & Cie SA’s holdings in Smurfit Westrock were worth $13,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SW. AQR Capital Management LLC boosted its holdings in shares of Smurfit Westrock by 90.5% in the first quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after acquiring an additional 6,378 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Smurfit Westrock by 6.7% during the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock valued at $248,000 after acquiring an additional 346 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Smurfit Westrock by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after purchasing an additional 2,698 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Smurfit Westrock by 192.3% during the first quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after purchasing an additional 8,726 shares in the last quarter. Finally, Woodline Partners LP lifted its position in Smurfit Westrock by 40.8% in the first quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after purchasing an additional 12,096 shares during the period. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Smurfit Westrock

In related news, CFO Ken Bowles sold 10,000 shares of Smurfit Westrock stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.26, for a total value of $512,600.00. Following the transaction, the chief financial officer owned 151,644 shares of the company’s stock, valued at approximately $7,773,271.44. This trade represents a 6.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $51.54, for a total value of $2,061,600.00. Following the sale, the chief executive officer owned 1,642,610 shares in the company, valued at approximately $84,660,119.40. The trade was a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

SW has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. The Goldman Sachs Group assumed coverage on Smurfit Westrock in a report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price objective for the company. Citigroup raised their target price on Smurfit Westrock from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Jefferies Financial Group set a $58.00 target price on Smurfit Westrock in a report on Thursday, February 12th. Finally, Barclays dropped their price target on shares of Smurfit Westrock from $56.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.73.

Smurfit Westrock Trading Up 0.8%

Smurfit Westrock stock opened at $40.18 on Thursday. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 30.21 and a beta of 1.06. Smurfit Westrock PLC has a 1 year low of $32.73 and a 1 year high of $52.65. The firm’s 50 day moving average price is $43.59 and its two-hundred day moving average price is $40.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.48.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Friday, February 27th. The company reported $0.34 EPS for the quarter. The company had revenue of $7.58 billion during the quarter. Smurfit Westrock had a return on equity of 6.10% and a net margin of 2.24%. On average, research analysts predict that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.4523 per share. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.43. This represents a $1.81 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 136.09%.

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.