Fiduciary Trust Co Acquires Shares of 6,007 Smurfit Westrock Ltd (NYSE:SW)

Fiduciary Trust Co bought a new position in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,007 shares of the company’s stock, valued at approximately $297,000.

A number of other hedge funds also recently bought and sold shares of SW. FMR LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $431,653,000. Mizuho Securities USA LLC bought a new stake in Smurfit Westrock in the third quarter valued at $386,712,000. Charles Schwab Investment Management Inc. bought a new stake in Smurfit Westrock in the third quarter valued at $151,212,000. Thompson Siegel & Walmsley LLC purchased a new position in Smurfit Westrock during the 3rd quarter valued at $129,491,000. Finally, Citigroup Inc. bought a new position in Smurfit Westrock in the 3rd quarter worth $77,207,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Redburn Atlantic initiated coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. upped their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley raised their target price on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup initiated coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Smurfit Westrock Stock Up 0.5 %

SW stock opened at $55.02 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $49.48. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. The company has a market cap of $28.62 billion, a price-to-earnings ratio of 305.68 and a beta of 1.04.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is presently 672.26%.

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.