First Hawaiian Bank Invests $936,000 in Smurfit Westrock Ltd (NYSE:SW)

First Hawaiian Bank purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,374 shares of the company's stock, valued at approximately $936,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fulton Bank N.A. bought a new position in Smurfit Westrock in the 4th quarter valued at about $372,000. Park National Corp OH bought a new position in Smurfit Westrock in the fourth quarter valued at approximately $291,000. Nordea Investment Management AB increased its stake in Smurfit Westrock by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company's stock valued at $272,049,000 after acquiring an additional 500,699 shares during the last quarter. Everence Capital Management Inc. raised its position in Smurfit Westrock by 93.1% during the fourth quarter. Everence Capital Management Inc. now owns 15,180 shares of the company's stock valued at $818,000 after purchasing an additional 7,320 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Smurfit Westrock by 34.1% during the fourth quarter. GAMMA Investing LLC now owns 6,754 shares of the company's stock worth $364,000 after purchasing an additional 1,718 shares during the last quarter. Institutional investors own 83.38% of the company's stock.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Smurfit Westrock Stock Down 0.3 %

Smurfit Westrock stock traded down $0.14 during trading on Friday, hitting $51.79. The stock had a trading volume of 2,242,332 shares, compared to its average volume of 2,811,605. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The company's 50 day moving average price is $53.55. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The firm has a market cap of $26.94 billion, a PE ratio of 287.74 and a beta of 1.03.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, November 15th. Smurfit Westrock's dividend payout ratio is currently 672.22%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SW. Morgan Stanley lifted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, October 7th. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Argus began coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a "buy" rating and a $62.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.56.

Smurfit Westrock 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.