Bank Pictet & Cie Europe AG Buys 12,166 Shares of Smurfit Westrock Ltd (NYSE:SW)

Bank Pictet & Cie Europe AG boosted its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 40.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,104 shares of the company's stock after buying an additional 12,166 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Smurfit Westrock were worth $2,268,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SW. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock during the 4th quarter valued at $25,000. Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its position in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after buying an additional 279 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in Smurfit Westrock during the 3rd quarter worth $35,000. Finally, Spire Wealth Management acquired a new position in Smurfit Westrock during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Insider Transactions at Smurfit Westrock

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 transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Stock Up 0.1 %

Shares of NYSE SW traded up $0.04 during trading on Wednesday, hitting $55.34. The stock had a trading volume of 2,539,588 shares, compared to its average volume of 3,397,365. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The firm has a fifty day moving average of $53.60 and a two-hundred day moving average of $49.90. The company has a market capitalization of $28.80 billion, a PE ratio of 100.63 and a beta of 1.02.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. As a group, equities research analysts forecast that Smurfit Westrock Ltd will post 3.29 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be given a dividend of $0.4308 per share. The ex-dividend date is Friday, February 14th. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 3.11%. Smurfit Westrock's payout ratio is presently 312.73%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup upped their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a report on Monday, January 6th. Morgan Stanley raised their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their price target 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. Truist Financial started coverage on Smurfit Westrock in a report on Tuesday, January 21st. They set a "buy" rating and a $62.00 price objective for the company. Finally, Argus began coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and a consensus price target of $60.70.

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.