63,079 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by BIP Wealth LLC

BIP Wealth LLC acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 63,079 shares of the company's stock, valued at approximately $3,117,000.

A number of other institutional investors have also recently added to or reduced their stakes in SW. Mather Group LLC. purchased a new stake in Smurfit Westrock in the third quarter valued at $25,000. CVA Family Office LLC purchased a new stake in Smurfit Westrock in the third quarter valued at $26,000. ORG Wealth Partners LLC purchased a new stake in Smurfit Westrock in the third quarter valued at $32,000. Waldron Private Wealth LLC purchased a new stake in Smurfit Westrock in the third quarter valued at $35,000. Finally, Cromwell Holdings LLC purchased a new stake in Smurfit Westrock in the third quarter valued at $42,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Wall Street Analyst Weigh In

SW has been the topic of several research analyst reports. Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a "buy" rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, July 31st. Citigroup initiated coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 price objective on the stock. Morgan Stanley boosted their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

Smurfit Westrock Trading Down 0.8 %

SW traded down $0.43 on Tuesday, hitting $53.01. 1,344,227 shares of the company were exchanged, compared to its average volume of 5,177,690. The business has a 50-day moving average price of $47.81. The stock has a market capitalization of $27.57 billion, a P/E ratio of 296.96 and a beta of 1.04. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $54.32. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. The ex-dividend date is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.28%. Smurfit Westrock's dividend payout ratio is currently 672.26%.

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.