Capital Research Global Investors Has $993.17 Million Stake in Smurfit Westrock Ltd (NYSE:SW)

Capital Research Global Investors lifted its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,439,852 shares of the company's stock after purchasing an additional 318,806 shares during the quarter. Capital Research Global Investors owned 3.54% of Smurfit Westrock worth $993,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC purchased a new position in shares of Smurfit Westrock in the fourth quarter worth approximately $25,000. Versant Capital Management Inc acquired a new stake in Smurfit Westrock during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after purchasing an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in shares of Smurfit Westrock in the fourth quarter worth $30,000. Finally, Spire Wealth Management purchased a new position in shares of Smurfit Westrock during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Insiders Place Their Bets

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the transaction, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. This trade represents a 8.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Performance

SW stock traded up $0.69 during mid-day trading on Thursday, reaching $42.61. 2,890,320 shares of the stock traded hands, compared to its average volume of 3,842,900. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average of $45.57 and a two-hundred day moving average of $49.81. The firm has a market capitalization of $22.24 billion, a PE ratio of 77.48 and a beta of 1.00. Smurfit Westrock Ltd has a 52 week low of $37.01 and a 52 week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. As a group, equities analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were paid a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.04%. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock's payout ratio is currently 312.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SW shares. Royal Bank of Canada set a $57.00 price objective on Smurfit Westrock in a research report on Tuesday. Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Citigroup lifted their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Truist Financial reduced their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Morgan Stanley cut their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.70.

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.