Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC reduced its holdings in Smurfit Westrock Ltd (NYSE:SW) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,210,923 shares of the company’s stock after selling 20,111 shares during the quarter. Cullen Capital Management LLC owned approximately 0.23% of Smurfit Westrock worth $65,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock during the 4th quarter valued at about $25,000. Versant Capital Management Inc purchased a new stake in Smurfit Westrock in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position in Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new position in Smurfit Westrock during the fourth quarter worth approximately $30,000. Finally, Spire Wealth Management acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at $36,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on SW shares. Morgan Stanley dropped their price objective on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Truist Financial initiated coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target for the company. Citigroup lifted their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Barclays increased their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

Smurfit Westrock Stock Performance

Smurfit Westrock stock opened at $41.02 on Friday. The firm has a market capitalization of $21.41 billion, a PE ratio of 74.58 and a beta of 1.00. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The stock’s 50 day moving average price is $49.44 and its 200 day moving average price is $50.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. As a group, sell-side analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were given a $0.4308 dividend. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock’s dividend payout ratio is presently 312.73%.

Insider Activity

In other news, insider Ken Bowles sold 24,225 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the transaction, the insider now directly owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now directly owns 44,361 shares of the company’s stock, valued at $2,391,057.90. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

About Smurfit Westrock

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.