Deutsche Bank AG lifted its holdings in Smurfit Westrock PLC (NYSE:SW – Free Report) by 28.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,253,010 shares of the company’s stock after buying an additional 1,622,799 shares during the quarter. Deutsche Bank AG’s holdings in Smurfit Westrock were worth $280,474,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Research Global Investors lifted its position in Smurfit Westrock by 31.2% during the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock worth $1,397,057,000 after acquiring an additional 8,596,558 shares in the last quarter. State Street Corp lifted its position in Smurfit Westrock by 14.6% during the 3rd quarter. State Street Corp now owns 23,806,914 shares of the company’s stock worth $1,013,474,000 after acquiring an additional 3,027,125 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in Smurfit Westrock by 81.9% during the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock worth $793,978,000 after acquiring an additional 8,286,205 shares in the last quarter. Geode Capital Management LLC lifted its position in Smurfit Westrock by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock worth $531,483,000 after acquiring an additional 155,778 shares in the last quarter. Finally, Norges Bank acquired a new position in Smurfit Westrock during the 4th quarter worth approximately $495,335,000. 83.38% of the stock is owned by institutional investors and hedge funds.
Smurfit Westrock Stock Down 5.9%
Shares of Smurfit Westrock stock opened at $38.93 on Thursday. The company has a market capitalization of $20.42 billion, a PE ratio of 54.07 and a beta of 0.96. The business has a 50-day moving average of $40.34 and a 200-day moving average of $40.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. Smurfit Westrock PLC has a 1-year low of $32.73 and a 1-year high of $52.65.
Smurfit Westrock Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $0.4523 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.6%. Smurfit Westrock’s payout ratio is presently 251.39%.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. UBS Group reduced their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Citigroup reduced their price target on Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Jefferies Financial Group set a $58.00 target price on Smurfit Westrock in a research note on Thursday, February 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.00.
Read Our Latest Analysis on SW
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.
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