Wealth Alliance Buys New Stake in Smurfit Westrock Ltd (NYSE:SW)

Wealth Alliance bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,421 shares of the company’s stock, valued at approximately $507,000.

Other hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock during the 4th quarter worth about $25,000. Versant Capital Management Inc acquired a new stake in Smurfit Westrock in the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position in Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the period. Waldron Private Wealth LLC acquired a new position in shares of Smurfit Westrock during the third quarter worth approximately $35,000. Finally, Spire Wealth Management bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $36,000. 83.38% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Ken Bowles sold 24,225 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 111,458 shares of the company’s stock, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SW. JPMorgan Chase & Co. boosted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Barclays boosted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial started coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price objective for the company. Morgan Stanley lifted their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Citigroup upped their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. 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, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

Smurfit Westrock Stock Down 2.3 %

Shares of SW opened at $54.06 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $53.61 and a two-hundred day moving average price of $49.93. The stock has a market cap of $28.14 billion, a price-to-earnings ratio of 98.29 and a beta of 1.02. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99.

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

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.4308 per share. The ex-dividend date of this dividend is Friday, February 14th. 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 dividend yield of 3.19%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 312.73%.

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.