Mitsubishi UFJ Trust & Banking Corp Has $13.51 Million Stake in Smurfit Westrock Ltd (NYSE:SW)

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 250,913 shares of the company’s stock after buying an additional 3,127 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Smurfit Westrock were worth $13,514,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc bought a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in Smurfit Westrock in the fourth quarter worth $30,000. Finally, Spire Wealth Management acquired a new stake in Smurfit Westrock during the fourth quarter worth $36,000. Institutional investors own 83.38% of the company’s stock.

Insider Activity

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock 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 owns 44,361 shares of the company’s stock, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Stock Performance

Smurfit Westrock stock opened at $44.51 on Friday. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The stock has a 50-day simple moving average of $50.51 and a 200 day simple moving average of $50.59. 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 stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of 80.93 and a beta of 0.99.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (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%. On average, research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a $0.4308 dividend. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Friday, February 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 312.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Argus began coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. Citigroup increased their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Finally, 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 objective for the company. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

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.