Geode Capital Management LLC Has $769.98 Million Holdings in Smurfit Westrock Ltd (NYSE:SW)

Geode Capital Management LLC lifted its holdings in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,328,052 shares of the company's stock after purchasing an additional 1,594,939 shares during the period. Geode Capital Management LLC owned 2.75% of Smurfit Westrock worth $769,977,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Alpha Omega Wealth Management LLC acquired a new stake in Smurfit Westrock during the fourth quarter worth about $5,252,000. Mirae Asset Global Investments Co. Ltd. raised its stake 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 purchasing an additional 9,581 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of 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 purchasing an additional 500,699 shares in the last quarter. Kimelman & Baird LLC bought a new position in Smurfit Westrock in the third quarter worth $511,000. Finally, First Hawaiian Bank acquired a new stake in shares of Smurfit Westrock during the 4th quarter valued at about $936,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SW. 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. Morgan Stanley decreased their price target on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Truist Financial started coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price objective for the company. Finally, Citigroup increased their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.70.

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Insider Activity at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This trade represents a 17.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alvaro Henao sold 4,000 shares of the 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 transaction, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. The trade was 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.

Smurfit Westrock Trading Down 4.4 %

Shares of NYSE:SW traded down $1.81 during mid-day trading on Monday, reaching $39.26. The stock had a trading volume of 4,041,410 shares, compared to its average volume of 4,793,929. The firm has a 50 day simple moving average of $49.44 and a two-hundred day simple moving average of $50.62. Smurfit Westrock Ltd has a twelve month low of $37.83 and a twelve month high of $56.99. The firm has a market cap of $20.49 billion, a PE ratio of 71.00 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. On average, research analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were issued a $0.4308 dividend. 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. This represents a $1.72 annualized dividend and a dividend yield of 4.39%. Smurfit Westrock's dividend payout ratio (DPR) is presently 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.