Groupama Asset Managment Purchases Shares of 336,692 Smurfit Westrock Ltd (NYSE:SW)

Groupama Asset Managment acquired a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 336,692 shares of the company's stock, valued at approximately $16,639,000. Groupama Asset Managment owned approximately 0.06% of Smurfit Westrock at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp bought a new position in Smurfit Westrock in the third quarter worth about $967,582,000. FMR LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $431,653,000. Mizuho Securities USA LLC purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $386,712,000. Soros Fund Management LLC acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $340,848,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Smurfit Westrock in the third quarter worth $151,212,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Price Performance

Shares of NYSE SW traded down $0.40 during mid-day trading on Monday, hitting $54.21. The company had a trading volume of 1,179,057 shares, compared to its average volume of 4,976,120. The stock has a market cap of $28.20 billion, a P/E ratio of 303.41 and a beta of 1.04. The business's 50-day moving average price is $50.13. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Announces Dividend

The business also recently disclosed 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 2.23%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend payout ratio is presently 672.26%.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction on 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 sale, the insider now owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SW shares. JPMorgan Chase & Co. raised their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Wells Fargo & Company dropped their price target on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Monday, October 7th. Argus initiated coverage on shares of Smurfit Westrock in a report on Thursday. They set a "buy" rating and a $62.00 price objective on the stock. Citigroup began coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 target price for the company. Finally, Redburn Atlantic started coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They set a "buy" rating and a $60.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Smurfit Westrock presently has an average rating of "Moderate Buy" and an average price target of $59.00.

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.