Ridgeline Wealth Planning LLC Invests $206,000 in Smurfit Westrock Ltd (NYSE:SW)

Ridgeline Wealth Planning LLC acquired a new stake in Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,822 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also added to or reduced their stakes in the company. State Street Corp bought a new position in shares of Smurfit Westrock in the third quarter worth about $967,582,000. Geode Capital Management LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at approximately $627,244,000. FMR LLC acquired a new position in Smurfit Westrock during the 3rd quarter worth approximately $431,653,000. Mizuho Securities USA LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at approximately $386,712,000. Finally, Soros Fund Management LLC acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $340,848,000. 83.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on SW shares. Truist Financial assumed coverage on shares of Smurfit Westrock in a report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target for the company. Morgan Stanley upped their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Citigroup boosted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the sale, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $53.51 on Wednesday. The stock’s 50 day moving average is $53.67 and its 200 day moving average is $49.52. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The firm has a market cap of $27.85 billion, a P/E ratio of 297.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be given a $0.4308 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s payout ratio is 672.26%.

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.