Geneos Wealth Management Inc. Invests $321,000 in Smurfit Westrock Ltd (NYSE:SW)

Geneos Wealth Management Inc. acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,957 shares of the company's stock, valued at approximately $321,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp bought a new position in shares of Smurfit Westrock during the third quarter worth about $967,582,000. Geode Capital Management LLC bought a new position in Smurfit Westrock in the 3rd quarter worth about $627,244,000. FMR LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $431,653,000. Mizuho Securities USA LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $386,712,000. Finally, Soros Fund Management LLC acquired a new position in shares of Smurfit Westrock during the third quarter worth approximately $340,848,000. Institutional investors own 83.38% of the company's stock.

Insider Activity at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the sale, 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 SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Stock Performance

Shares of SW traded down $0.47 during mid-day trading on Thursday, reaching $53.09. The company's stock had a trading volume of 1,463,418 shares, compared to its average volume of 2,777,668. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock has a market cap of $27.62 billion, a P/E ratio of 294.71 and a beta of 1.03. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The business has a 50-day simple moving average of $53.94 and a two-hundred day simple moving average of $49.19.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.23). The business had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $8.04 billion. Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. During the same period in the prior year, the business posted $0.81 earnings per share. As a group, equities research analysts anticipate that Smurfit Westrock Ltd will post 2.65 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be issued a $0.4308 dividend. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.25%. Smurfit Westrock's dividend payout ratio (DPR) is currently 672.26%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SW. Morgan Stanley boosted their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. 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 note on Wednesday, December 11th. Citigroup lifted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Truist Financial began coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average target price of $60.70.

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.