Swiss National Bank Makes New Investment in Smurfit Westrock Ltd (NYSE:SW)

Swiss National Bank purchased a new stake in Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,539,497 shares of the company’s stock, valued at approximately $76,082,000.

Several other institutional investors and hedge funds also recently modified their holdings of SW. Mather Group LLC. bought a new stake in Smurfit Westrock during the 3rd quarter worth about $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at about $26,000. ORG Wealth Partners LLC bought a new stake in Smurfit Westrock during the third quarter worth about $32,000. Waldron Private Wealth LLC acquired a new position in Smurfit Westrock during the third quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC bought a new position in Smurfit Westrock in the third quarter valued at approximately $42,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SW shares. Redburn Atlantic started coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective for the company. Morgan Stanley increased their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lowered their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $53.14 on Wednesday. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $54.32. The company has a market cap of $27.64 billion, a P/E ratio of 294.94 and a beta of 1.04. The business’s 50-day moving average is $47.81. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is presently 672.22%.

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.