JPMorgan Chase & Co. Has $235.81 Million Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

JPMorgan Chase & Co. lessened its stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,378,178 shares of the company's stock after selling 94,218 shares during the period. JPMorgan Chase & Co. owned about 0.84% of Smurfit Westrock worth $235,809,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alpha Omega Wealth Management LLC bought a new position in Smurfit Westrock during the 4th quarter worth approximately $5,252,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 worth $2,309,000 after purchasing an additional 9,581 shares during the period. Nordea Investment Management AB boosted its holdings in Smurfit Westrock by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company's stock worth $272,049,000 after purchasing an additional 500,699 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth $511,000. Finally, Glenmede Trust Co. NA bought a new position in shares of Smurfit Westrock in the 3rd quarter worth about $1,537,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded down $1.69 on Friday, hitting $41.02. The company's stock had a trading volume of 5,923,495 shares, compared to its average volume of 4,797,500. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 74.58 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The stock's 50-day moving average is $49.44 and its two-hundred day moving average is $50.60.

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Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were issued a dividend of $0.4308 per share. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 4.20%. Smurfit Westrock's payout ratio is presently 312.73%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Truist Financial assumed coverage on shares of Smurfit Westrock in a report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price target for the company. Morgan Stanley lowered their target price on Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Barclays raised their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Finally, Citigroup increased their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.70.

Insider Buying and Selling

In related news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the transaction, the insider now directly owns 111,458 shares of the company's stock, valued at $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now directly owns 44,361 shares of the company's stock, valued at $2,391,057.90. The trade was a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.