Moody National Bank Trust Division Invests $739,000 in Smurfit Westrock Ltd (NYSE:SW)

Moody National Bank Trust Division bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,718 shares of the company's stock, valued at approximately $739,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp purchased a new position in shares of Smurfit Westrock in the 3rd quarter valued at $967,582,000. Geode Capital Management LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth $627,244,000. FMR LLC acquired a new position in shares of Smurfit Westrock in the third quarter worth approximately $431,653,000. Mizuho Securities USA LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter worth about $386,712,000. Finally, Soros Fund Management LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $340,848,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Smurfit Westrock

In other 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 owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by company insiders.

Smurfit Westrock Stock Down 0.2 %

Shares of NYSE:SW traded down $0.11 during midday trading on Wednesday, reaching $52.82. The company's stock had a trading volume of 1,293,757 shares, compared to its average volume of 2,470,032. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $53.58. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of 293.46 and a beta of 1.03.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.22%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and set a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Barclays upped their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Morgan Stanley boosted their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Smurfit Westrock presently has an average rating of "Moderate Buy" and an average target price of $60.56.

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.