Barclays PLC purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,460,710 shares of the company's stock, valued at approximately $171,026,000. Barclays PLC owned 0.67% of Smurfit Westrock at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $26,000. ORG Wealth Partners LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $32,000. Waldron Private Wealth LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $35,000. Finally, Cromwell Holdings LLC purchased a new stake in shares of Smurfit Westrock during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 83.38% of the company's stock.
Smurfit Westrock Stock Up 0.1 %
Shares of Smurfit Westrock stock traded up $0.05 during trading hours on Wednesday, hitting $53.48. 2,543,458 shares of the company's stock traded hands, compared to its average volume of 4,950,882. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. The stock has a market cap of $27.82 billion, a P/E ratio of 297.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The stock has a 50 day moving average of $50.43.
Smurfit Westrock Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.3025 per share. The ex-dividend date is Friday, November 15th. This represents a $1.21 annualized dividend and a yield of 2.26%. Smurfit Westrock's dividend payout ratio is presently 672.26%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Redburn Atlantic started coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a "buy" rating and a $60.00 price target for the company. Barclays boosted their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Citigroup assumed coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $60.00.
Read Our Latest Analysis on SW
Insider Buying and Selling at Smurfit Westrock
In other news, insider Saverio Mayer sold 25,000 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value 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 approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.
About Smurfit Westrock
(
Free Report)
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.
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