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

Cullen Capital Management LLC lessened its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,210,923 shares of the company's stock after selling 20,111 shares during the period. Cullen Capital Management LLC owned about 0.23% of Smurfit Westrock worth $65,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Smurfit Westrock by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company's stock worth $4,249,613,000 after acquiring an additional 820,362 shares in the last quarter. Norges Bank bought a new position in Smurfit Westrock during the fourth quarter valued at approximately $1,300,041,000. State Street Corp bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at $967,582,000. Geode Capital Management LLC boosted its stake in shares of Smurfit Westrock by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock worth $769,977,000 after buying an additional 1,594,939 shares during the last quarter. Finally, Soros Fund Management LLC bought a new stake in shares of Smurfit Westrock in the third quarter worth $340,848,000. Institutional investors own 83.38% of the company's stock.

Wall Street Analysts Forecast Growth

SW has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday. Citigroup boosted their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Barclays upped their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Morgan Stanley lowered their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, Truist Financial started coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Smurfit Westrock Price Performance

SW traded down $2.84 during trading on Thursday, reaching $39.85. 2,259,936 shares of the company traded hands, compared to its average volume of 3,876,693. Smurfit Westrock Ltd has a 12-month low of $37.01 and a 12-month high of $56.99. The firm has a fifty day simple moving average of $48.08 and a 200 day simple moving average of $50.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The company has a market cap of $20.80 billion, a P/E ratio of 72.51 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. On average, equities analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were given a $0.4308 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a yield of 4.32%. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

Insiders Place Their Bets

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the transaction, the insider now directly owns 111,458 shares in the company, valued at $6,136,877.48. The trade was a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

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.