Tokio Marine Asset Management Co. Ltd. Purchases Shares of 16,129 Smurfit Westrock Ltd (NYSE:SW)

Tokio Marine Asset Management Co. Ltd. acquired a new stake in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 16,129 shares of the company’s stock, valued at approximately $797,000.

Other large investors also recently modified their holdings of the company. Metis Global Partners LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at about $2,309,000. KBC Group NV acquired a new position in Smurfit Westrock in the 3rd quarter valued at $9,723,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Smurfit Westrock during the third quarter worth $8,281,000. Victory Capital Management Inc. bought a new stake in shares of Smurfit Westrock in the third quarter valued at about $5,955,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Smurfit Westrock in the third quarter valued at about $51,430,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $51.66 on Friday. The firm has a 50 day moving average price of $47.49. The firm has a market capitalization of $26.87 billion, a P/E ratio of 287.02 and a beta of 1.04. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $54.32. 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 Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.34%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Wall Street Analyst Weigh In

SW has been the subject of a number of analyst reports. Redburn Atlantic initiated coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a report on Friday. Morgan Stanley lifted their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup began coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. Finally, Jefferies Financial Group reissued a “hold” rating and set a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

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.