Raiffeisen Bank International AG Has $844,000 Stock Holdings in Smurfit Westrock PLC $SW

Raiffeisen Bank International AG lifted its holdings in shares of Smurfit Westrock PLC (NYSE:SW) by 2,920.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 18,272 shares of the company’s stock after acquiring an additional 17,667 shares during the period. Raiffeisen Bank International AG’s holdings in Smurfit Westrock were worth $844,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors boosted its holdings in Smurfit Westrock by 31.2% during the fourth quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after purchasing an additional 8,596,558 shares in the last quarter. State Street Corp raised its holdings in shares of Smurfit Westrock by 3.6% in the 4th quarter. State Street Corp now owns 24,652,132 shares of the company’s stock worth $953,311,000 after buying an additional 845,218 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in shares of 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 buying an additional 8,286,205 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 155,778 shares during the period. Finally, Norges Bank acquired a new stake in Smurfit Westrock in the 4th quarter valued at $495,335,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on SW shares. Royal Bank Of Canada increased their price objective on Smurfit Westrock from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Morgan Stanley boosted their target price on shares of Smurfit Westrock from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Weiss Ratings raised shares of Smurfit Westrock from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Smurfit Westrock in a research report on Tuesday, June 23rd. They set a “buy” rating and a $57.00 target price for the company. Finally, Truist Financial lifted their price target on shares of Smurfit Westrock from $55.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average price target of $57.69.

Smurfit Westrock Stock Up 1.5%

NYSE SW opened at $45.92 on Friday. The stock has a market capitalization of $24.09 billion, a P/E ratio of 48.85, a price-to-earnings-growth ratio of 1.47 and a beta of 0.95. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 1.45. The stock has a fifty day moving average of $46.70 and a 200-day moving average of $43.58.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that Smurfit Westrock PLC will post 1.98 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. Smurfit Westrock’s dividend payout ratio is currently 192.55%.

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.