Chevy Chase Trust Holdings LLC Reduces Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Chevy Chase Trust Holdings LLC reduced its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,306 shares of the company's stock after selling 5,228 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Smurfit Westrock were worth $13,966,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock in the 4th quarter valued at about $25,000. Versant Capital Management Inc purchased a new position in shares of Smurfit Westrock in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after buying an additional 279 shares during the period. Spire Wealth Management purchased a new position in shares of Smurfit Westrock in the 4th quarter valued at about $36,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $35,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SW has been the subject of several recent research reports. Barclays lifted their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Citigroup lifted their price objective on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Argus began coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a "buy" rating and a $62.00 price objective for the company. Finally, Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They set a "buy" rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and a consensus price target of $60.70.

Smurfit Westrock Stock Performance

Shares of SW stock traded down $1.26 during trading hours on Thursday, hitting $54.06. The stock had a trading volume of 2,850,236 shares, compared to its average volume of 3,380,780. The firm has a market capitalization of $28.14 billion, a PE ratio of 98.29 and a beta of 1.02. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. The stock's 50 day moving average is $53.60 and its 200 day moving average is $49.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share 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, research analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be issued a dividend of $0.4308 per share. The ex-dividend date is Friday, February 14th. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 3.19%. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

Insider Buying and Selling

In related news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 149,911 shares of the company's stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ken Bowles sold 24,225 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the sale, the insider now directly owns 111,458 shares of the company's stock, 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 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.