24,952 Smurfit Westrock PLC $SW Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its stake in Smurfit Westrock PLC (NYSE:SW) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,361,786 shares of the company’s stock after selling 24,952 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Smurfit Westrock were worth $60,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SW. Trinity Street Asset Management LLP acquired a new stake in shares of Smurfit Westrock during the second quarter valued at $243,400,000. Bank of America Corp DE increased its position in Smurfit Westrock by 6.2% during the 1st quarter. Bank of America Corp DE now owns 5,460,163 shares of the company’s stock worth $217,587,000 after purchasing an additional 318,336 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Smurfit Westrock by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,848,130 shares of the company’s stock valued at $193,141,000 after purchasing an additional 160,510 shares during the last quarter. Artemis Investment Management LLP raised its stake in Smurfit Westrock by 719.6% in the 3rd quarter. Artemis Investment Management LLP now owns 3,214,979 shares of the company’s stock valued at $141,781,000 after purchasing an additional 2,822,720 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new position in Smurfit Westrock in the 2nd quarter valued at about $120,660,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on SW. Seaport Research Partners reaffirmed a “buy” rating and set a $54.00 price target on shares of Smurfit Westrock in a research note on Wednesday, August 12th. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $57.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Wall Street Zen raised shares of Smurfit Westrock from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Barclays lowered their target price on shares of Smurfit Westrock from $56.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 3rd. Finally, Weiss Ratings upgraded Smurfit Westrock from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.15.

Smurfit Westrock Stock Up 0.3%

SW opened at $44.22 on Tuesday. Smurfit Westrock PLC has a 12 month low of $32.73 and a 12 month high of $52.65. The business has a 50-day moving average of $43.43 and a two-hundred day moving average of $43.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.15). Smurfit Westrock had a return on equity of 4.27% and a net margin of 1.50%. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the previous year, the company earned $0.58 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that Smurfit Westrock PLC will post 1.71 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be given a dividend of $0.4523 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.81 annualized dividend and a yield of 4.1%. Smurfit Westrock’s dividend payout ratio is 203.37%.

Smurfit Westrock Company Profile

Smurfit Westrock is a global paper-based packaging company formed in 2024 through the combination of Smurfit Kappa Group and WestRock. Headquartered in Dublin, Ireland, the company serves customers across a range of industries and markets worldwide.

Its business includes producing paper and packaging materials, as well as designing and manufacturing packaging for consumer and commercial uses. Products include corrugated packaging, consumer packaging, containerboard, paper sacks and bag-in-box packaging.