Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE reduced its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,209 shares of the company's stock after selling 36,477 shares during the period. Flossbach Von Storch SE owned approximately 0.09% of Smurfit Westrock worth $24,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $967,582,000. Geode Capital Management LLC acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $627,244,000. FMR LLC purchased a new position in Smurfit Westrock in the third quarter worth approximately $431,653,000. Mizuho Securities USA LLC purchased a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $386,712,000. Finally, Soros Fund Management LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $340,848,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Saverio Mayer sold 25,000 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented 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. Argus started coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $58.00 target price on shares of Smurfit Westrock in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their price objective 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. Finally, Barclays upped their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and an average target price of $60.70.

Smurfit Westrock Stock Performance

Shares of SW stock traded up $0.65 during trading hours on Monday, reaching $53.81. 1,989,525 shares of the company's stock were exchanged, compared to its average volume of 3,311,839. 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 Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The company has a market cap of $28.01 billion, a P/E ratio of 98.01 and a beta of 1.02. The company's 50 day moving average is $53.60 and its two-hundred day moving average is $50.16.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued 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%. Equities research analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.4308 per share. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock's dividend payout ratio (DPR) is 312.73%.

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.