4,472,396 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. bought a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,472,396 shares of the company's stock, valued at approximately $221,026,000. JPMorgan Chase & Co. owned 0.86% of Smurfit Westrock as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. bought a new position in Smurfit Westrock during the third quarter worth $25,000. CVA Family Office LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth about $26,000. ORG Wealth Partners LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at about $32,000. Waldron Private Wealth LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at about $35,000. Finally, Cromwell Holdings LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at about $42,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock traded up $0.24 on Tuesday, reaching $53.86. 2,559,500 shares of the stock were exchanged, compared to its average volume of 4,808,262. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The stock has a market cap of $28.02 billion, a price-to-earnings ratio of 299.24 and a beta of 1.04. The firm's 50 day simple moving average is $52.76. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Friday, November 15th. Smurfit Westrock's dividend payout ratio is presently 672.22%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SW shares. JPMorgan Chase & Co. boosted their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. Royal Bank of Canada restated an "outperform" rating and issued a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Wells Fargo & Company dropped their target price on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, October 7th. Barclays boosted their target price 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. Finally, Citigroup initiated coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $60.00.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock 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 sale, the insider now directly owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company's stock.

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.