Old North State Wealth Management LLC Grows Stock Holdings in Smurfit Westrock PLC $SW

Old North State Wealth Management LLC grew its holdings in Smurfit Westrock PLC (NYSE:SW) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,582 shares of the company’s stock after purchasing an additional 13,935 shares during the quarter. Smurfit Westrock comprises approximately 1.7% of Old North State Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. Old North State Wealth Management LLC’s holdings in Smurfit Westrock were worth $3,659,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SW. TD Waterhouse Canada Inc. lifted its stake in Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock worth $27,000 after purchasing an additional 340 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Smurfit Westrock in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC purchased a new position in Smurfit Westrock in the 3rd quarter worth approximately $33,000. Rexford Capital Inc. purchased a new position in Smurfit Westrock in the 2nd quarter worth approximately $35,000. Finally, Mather Group LLC. purchased a new position in Smurfit Westrock in the 3rd quarter worth approximately $55,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Smurfit Westrock

In related news, CFO Ken Bowles sold 10,000 shares of Smurfit Westrock stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.26, for a total value of $512,600.00. Following the completion of the sale, the chief financial officer owned 151,644 shares in the company, valued at approximately $7,773,271.44. This trade represents a 6.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of Smurfit Westrock stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total transaction of $2,061,600.00. Following the completion of the sale, the chief executive officer owned 1,642,610 shares of the company’s stock, valued at $84,660,119.40. This trade represents a 2.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is currently owned by company insiders.

Smurfit Westrock Stock Up 0.1%

Smurfit Westrock stock opened at $42.09 on Monday. Smurfit Westrock PLC has a fifty-two week low of $32.73 and a fifty-two week high of $52.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.48. The firm has a 50 day moving average price of $43.32 and a 200 day moving average price of $40.65. The company has a market capitalization of $22.07 billion, a PE ratio of 31.65 and a beta of 1.06.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Friday, February 27th. The company reported $0.34 earnings per share for the quarter. Smurfit Westrock had a net margin of 2.24% and a return on equity of 6.10%. The firm had revenue of $7.58 billion during the quarter. Research analysts expect that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Tuesday, February 17th were issued a $0.4523 dividend. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, February 17th. This represents a $1.81 annualized dividend and a yield of 4.3%. Smurfit Westrock’s payout ratio is 136.09%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Morgan Stanley cut their price target on shares of Smurfit Westrock from $61.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, March 6th. Truist Financial set a $60.00 price target on shares of Smurfit Westrock in a report on Thursday, February 12th. The Goldman Sachs Group assumed coverage on shares of Smurfit Westrock in a report on Tuesday, March 24th. They set a “buy” rating and a $49.00 price target for the company. Finally, Citigroup raised their price target on shares of Smurfit Westrock from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.73.

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.