Geode Capital Management LLC Purchases 155,778 Shares of Smurfit Westrock PLC $SW

Geode Capital Management LLC raised its position in Smurfit Westrock PLC (NYSE:SW) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,795,987 shares of the company’s stock after buying an additional 155,778 shares during the quarter. Geode Capital Management LLC’s holdings in Smurfit Westrock were worth $531,483,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC raised its stake in shares of Smurfit Westrock by 79,790.6% in the fourth quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock valued at $5,459,000 after buying an additional 127,665 shares during the period. BIP Wealth LLC bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at $2,412,000. Tounjian Advisory Partners LLC bought a new stake in shares of Smurfit Westrock in the third quarter valued at $958,000. Barclays PLC raised its stake in shares of Smurfit Westrock by 152.2% in the third quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock valued at $224,333,000 after buying an additional 3,180,531 shares during the period. Finally, Distillate Capital Partners LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $15,001,000. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SW shares. Barclays decreased 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. Truist Financial set a $50.00 price objective on Smurfit Westrock in a research note on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and an average target price of $53.00.

Smurfit Westrock Stock Performance

NYSE:SW opened at $41.15 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. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The firm has a market cap of $21.58 billion, a price-to-earnings ratio of 57.16 and a beta of 0.96. The business’s fifty day moving average is $39.94 and its 200 day moving average is $40.53.

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 company 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%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Research analysts predict that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s dividend payout ratio is currently 251.39%.

Smurfit Westrock Company 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.