Nicholas Hoffman & Company LLC. Invests $516,000 in Smurfit Westrock Ltd (NYSE:SW)

Nicholas Hoffman & Company LLC. purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,574 shares of the company's stock, valued at approximately $516,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Alpha Omega Wealth Management LLC purchased a new stake in Smurfit Westrock during the 4th quarter worth approximately $5,252,000. Private Management Group Inc. purchased a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $9,405,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Smurfit Westrock by 29.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock valued at $2,309,000 after purchasing an additional 9,581 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $597,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $520,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Trading Down 1.7 %

Shares of NYSE:SW traded down $0.93 during trading on Friday, reaching $53.17. The stock had a trading volume of 2,515,222 shares, compared to its average volume of 3,355,327. The business has a fifty day moving average price of $53.61 and a 200-day moving average price of $49.93. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The stock has a market cap of $27.67 billion, a P/E ratio of 96.67 and a beta of 1.02. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last released 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%. As a group, analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be issued a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.24%. This is an increase from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock's payout ratio is presently 312.73%.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the sale, the insider now directly owns 111,458 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Saverio Mayer sold 25,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was 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 of the company's stock, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial started coverage on shares of Smurfit Westrock in a report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 target price for the company. Morgan Stanley increased their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Barclays raised their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Royal Bank of Canada restated an "outperform" rating and issued a $58.00 target price on shares of Smurfit Westrock in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.70.

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.