Wharton Business Group LLC Invests $6.31 Million in Smurfit Westrock Ltd (NYSE:SW)

Wharton Business Group LLC purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 127,586 shares of the company's stock, valued at approximately $6,305,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mather Group LLC. purchased a new position in Smurfit Westrock in the 3rd quarter worth approximately $25,000. CVA Family Office LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Smurfit Westrock in the 3rd quarter worth $32,000. Waldron Private Wealth LLC purchased a new stake in shares of Smurfit Westrock during the 3rd quarter worth $35,000. Finally, Cromwell Holdings LLC acquired a new position in Smurfit Westrock during the 3rd quarter valued at about $42,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Up 3.4 %

SW stock traded up $1.78 during midday trading on Monday, reaching $53.44. The company had a trading volume of 4,036,637 shares, compared to its average volume of 5,219,009. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The stock's 50 day moving average price is $47.63. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $54.32. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 290.35 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. Shareholders of record on Friday, November 15th will be issued a $0.3025 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.26%. Smurfit Westrock's dividend payout ratio is currently 672.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SW. Wells Fargo & Company lowered their price target on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. Morgan Stanley lifted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup started coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st. Finally, Redburn Atlantic started coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a "buy" rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.