264,534 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC purchased a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 264,534 shares of the company's stock, valued at approximately $13,073,000. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Smurfit Westrock as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $8,519,000. Czech National Bank bought a new position in shares of Smurfit Westrock in the third quarter valued at approximately $4,967,000. SG Americas Securities LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at approximately $843,000. Park Avenue Securities LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $561,000. Finally, GAMMA Investing LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $249,000. Institutional investors own 83.38% of the company's stock.

Insider Activity

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the company'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 value of $1,371,000.00. Following the sale, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Price Performance

NYSE:SW traded up $0.20 on Thursday, hitting $54.77. 2,428,572 shares of the company's stock were exchanged, compared to its average volume of 5,043,868. The stock has a market capitalization of $28.49 billion, a P/E ratio of 303.18 and a beta of 1.04. The business has a 50-day simple moving average of $49.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is 672.26%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SW. Royal Bank of Canada reissued an "outperform" rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Citigroup started coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Redburn Atlantic started coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a "buy" rating and a $60.00 price target for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Smurfit Westrock presently has an average rating of "Moderate Buy" and a consensus target price of $59.00.

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.