Flossbach Von Storch SE Has $9.81 Million Stock Position in Smurfit Westrock PLC $SW

Flossbach Von Storch SE cut its stake in shares of Smurfit Westrock PLC (NYSE:SW) by 45.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,435 shares of the company’s stock after selling 187,097 shares during the period. Flossbach Von Storch SE’s holdings in Smurfit Westrock were worth $9,814,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of Smurfit Westrock by 73.2% during the first quarter. Nisa Investment Advisors LLC now owns 8,354 shares of the company’s stock worth $376,000 after purchasing an additional 3,530 shares during the period. Allworth Financial LP grew its holdings in Smurfit Westrock by 35.6% in the 1st quarter. Allworth Financial LP now owns 2,205 shares of the company’s stock valued at $94,000 after buying an additional 579 shares in the last quarter. Cerity Partners LLC increased its position in Smurfit Westrock by 6.9% during the 1st quarter. Cerity Partners LLC now owns 28,519 shares of the company’s stock worth $1,285,000 after buying an additional 1,845 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Smurfit Westrock by 18.6% during the first quarter. New York State Common Retirement Fund now owns 486,278 shares of the company’s stock worth $21,912,000 after buying an additional 76,334 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Smurfit Westrock in the first quarter valued at about $16,233,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

NYSE SW opened at $35.81 on Friday. The firm’s 50 day simple moving average is $42.34 and its 200 day simple moving average is $43.65. The firm has a market capitalization of $18.70 billion, a price-to-earnings ratio of 25.04 and a beta of 1.11. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. Smurfit Westrock PLC has a 1 year low of $35.00 and a 1 year high of $56.99.

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

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 14th will be paid a $0.4308 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.72 annualized dividend and a yield of 4.8%. Smurfit Westrock’s dividend payout ratio (DPR) is 120.28%.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on shares of Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. UBS Group started coverage on Smurfit Westrock in a research note on Monday, September 15th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $56.90.

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.