12,733,113 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Geode Capital Management LLC

Geode Capital Management LLC acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,733,113 shares of the company's stock, valued at approximately $627,244,000. Geode Capital Management LLC owned about 2.45% of Smurfit Westrock at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SW. State Street Corp acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $967,582,000. FMR LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $431,653,000. Mizuho Securities USA LLC bought a new position in Smurfit Westrock in the 3rd quarter worth approximately $386,712,000. Soros Fund Management LLC bought a new position in Smurfit Westrock in the 3rd quarter worth approximately $340,848,000. Finally, Barclays PLC acquired a new position in Smurfit Westrock during the 3rd quarter worth $171,026,000. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SW shares. JPMorgan Chase & Co. boosted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Citigroup began coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 price objective for the company. Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 target price on the stock. Barclays lifted their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Morgan Stanley increased their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.00.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the company's stock in a transaction on Monday, December 2nd. The shares were 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 directly owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Stock Up 0.5 %

Shares of SW traded up $0.27 during trading hours on Friday, reaching $53.73. The stock had a trading volume of 2,440,098 shares, compared to its average volume of 4,920,510. The company has a market cap of $27.95 billion, a P/E ratio of 298.52 and a beta of 1.04. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. 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 company's 50-day moving average is $50.57.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Friday, November 15th. Smurfit Westrock's dividend payout ratio is currently 672.26%.

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.