Smurfit Westrock Ltd (NYSE:SW) Holdings Decreased by Cullen Capital Management LLC

Cullen Capital Management LLC cut its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,210,923 shares of the company’s stock after selling 20,111 shares during the quarter. Cullen Capital Management LLC’s holdings in Smurfit Westrock were worth $65,220,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new position in Smurfit Westrock during the 4th quarter valued at approximately $30,000. Finally, Spire Wealth Management bought a new position in Smurfit Westrock during the 4th quarter worth $36,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup raised their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Morgan Stanley cut their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Truist Financial initiated coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 target price for the company. Finally, Barclays lifted their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Stock Down 4.0 %

SW stock opened at $41.02 on Friday. The firm’s 50-day moving average is $49.44 and its two-hundred day moving average is $50.58. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 74.58 and a beta of 1.00. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. On average, analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were paid a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 4.20%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio (DPR) is currently 312.73%.

Insider Buying and Selling

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the transaction, the insider now owns 44,361 shares of the company’s stock, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the sale, the insider now owns 111,458 shares of the company’s stock, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.