Commonwealth Equity Services LLC Sells 10,793 Shares of Smurfit Westrock Ltd (NYSE:SW)

Commonwealth Equity Services LLC lowered its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,330 shares of the company's stock after selling 10,793 shares during the period. Commonwealth Equity Services LLC's holdings in Smurfit Westrock were worth $3,465,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. State Street Corp bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at approximately $967,582,000. Geode Capital Management LLC purchased a new stake in Smurfit Westrock in the third quarter worth $627,244,000. FMR LLC bought a new stake in shares of Smurfit Westrock in the third quarter valued at $431,653,000. Soros Fund Management LLC purchased a new position in shares of Smurfit Westrock during the 3rd quarter valued at $340,848,000. Finally, Victory Capital Management Inc. increased its holdings in Smurfit Westrock by 4,456.7% in the 4th quarter. Victory Capital Management Inc. now owns 5,491,092 shares of the company's stock worth $295,750,000 after acquiring an additional 5,370,587 shares during the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Price Performance

SW traded down $0.89 during midday trading on Friday, hitting $44.51. The stock had a trading volume of 4,134,893 shares, compared to its average volume of 4,790,591. The company has a market cap of $23.23 billion, a P/E ratio of 80.93 and a beta of 0.99. The business has a fifty day moving average of $50.68 and a 200 day moving average of $50.59. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37.

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Smurfit Westrock (NYSE:SW - Get Free Report) last released 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 net margin of 0.63% and a return on equity of 6.16%. As a group, equities analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share 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 $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 3.87%. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock's dividend payout ratio is presently 312.73%.

Insider Buying and Selling at Smurfit Westrock

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Truist Financial assumed coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price target for the company. Citigroup boosted 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. Argus initiated coverage on Smurfit Westrock in a report on Thursday, December 5th. They set a "buy" rating and a $62.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.70.

About Smurfit Westrock

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.