Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 43.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,486 shares of the company's stock after selling 14,826 shares during the period. Corient Private Wealth LLC's holdings in Smurfit Westrock were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SW. Alpha Omega Wealth Management LLC purchased a new stake in Smurfit Westrock in the 4th quarter valued at $5,252,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Smurfit Westrock by 29.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock valued at $2,309,000 after buying an additional 9,581 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth about $597,000. Nordea Investment Management AB grew its holdings in shares of Smurfit Westrock by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company's stock worth $272,049,000 after buying an additional 500,699 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at about $511,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Price Performance

SW traded down $0.89 during midday trading on Friday, reaching $44.51. 4,134,893 shares of the company's stock were exchanged, compared to its average volume of 4,790,595. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The stock has a market capitalization of $23.23 billion, a PE ratio of 80.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The business's 50-day moving average price is $50.51 and its 200 day moving average price is $50.69.

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Smurfit Westrock (NYSE:SW - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (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 anticipate 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. Shareholders of record on Friday, February 14th were paid a dividend of $0.4308 per share. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

Analyst Ratings Changes

SW has been the topic of several analyst reports. Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a "buy" rating and a $62.00 target price on the stock. Argus initiated coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a "buy" rating and a $62.00 price objective on the stock. Citigroup raised their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Morgan Stanley dropped their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Finally, Barclays raised their price objective 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock presently has an average rating of "Moderate Buy" and an average target price of $60.70.

Insider Transactions at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the sale, the insider now owns 44,361 shares of the company's stock, valued at $2,391,057.90. The trade was 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 the SEC website. Also, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

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.