Charles Schwab Investment Management Inc. Has $125.61 Million Stock Holdings in Smurfit Westrock PLC $SW

Charles Schwab Investment Management Inc. decreased its position in Smurfit Westrock PLC (NYSE:SW - Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,911,099 shares of the company's stock after selling 13,401 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.56% of Smurfit Westrock worth $125,614,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in Smurfit Westrock during the first quarter worth about $29,000. Whipplewood Advisors LLC boosted its holdings in shares of Smurfit Westrock by 50.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company's stock worth $44,000 after acquiring an additional 342 shares in the last quarter. SVB Wealth LLC bought a new stake in Smurfit Westrock during the 1st quarter worth approximately $49,000. MassMutual Private Wealth & Trust FSB grew its position in Smurfit Westrock by 81.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,130 shares of the company's stock worth $49,000 after acquiring an additional 507 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Smurfit Westrock by 64.3% during the 2nd quarter. Huntington National Bank now owns 1,405 shares of the company's stock valued at $61,000 after purchasing an additional 550 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SW has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Smurfit Westrock in a report on Tuesday. Zacks Research cut shares of Smurfit Westrock from a "hold" rating to a "strong sell" rating in a research report on Tuesday, November 18th. Barclays dropped their target price on shares of Smurfit Westrock from $63.00 to $47.00 and set an "overweight" rating for the company in a research note on Monday, November 10th. Finally, Truist Financial decreased their price target on shares of Smurfit Westrock from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.30.

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View Our Latest Stock Report on SW

Smurfit Westrock Stock Up 2.4%

Shares of NYSE:SW opened at $35.81 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.95. The stock has a market cap of $18.70 billion, a price-to-earnings ratio of 25.04 and a beta of 1.11. The company has a 50 day moving average of $39.25 and a 200-day moving average of $42.97. Smurfit Westrock PLC has a one year low of $32.73 and a one year high of $56.05.

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Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The business had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. The firm's revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Smurfit Westrock PLC will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be given a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, November 14th. Smurfit Westrock's dividend payout ratio (DPR) is currently 120.28%.

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.

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