M&G Plc Acquires Shares of 188,841 Smurfit Westrock Ltd (NYSE:SW)

M&G PLC acquired a new position in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 188,841 shares of the company's stock, valued at approximately $9,253,000.

Several other institutional investors have also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $25,000. CVA Family Office LLC bought a new position in shares of Smurfit Westrock during the third quarter valued at about $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock during the third quarter valued at about $32,000. Waldron Private Wealth LLC purchased a new position in shares of Smurfit Westrock in the third quarter worth about $35,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $42,000. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SW. JPMorgan Chase & Co. reduced their price target on Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada raised shares of Smurfit Westrock from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $52.00 to $58.00 in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, October 7th. Morgan Stanley assumed coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They issued an "overweight" rating and a $60.00 price target on the stock. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $52.00 price objective on shares of Smurfit Westrock in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $57.43.

Smurfit Westrock Price Performance

Smurfit Westrock stock traded down $1.06 during mid-day trading on Friday, reaching $52.39. 3,590,553 shares of the company traded hands, compared to its average volume of 5,341,323. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $54.32. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 291.07 and a beta of 1.04. The stock's 50 day moving average price is $47.09.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend payout ratio is currently 672.26%.

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.