Hartford Financial Management Inc. Takes $596,000 Position in Smurfit Westrock Ltd (NYSE:SW)

Hartford Financial Management Inc. bought a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,050 shares of the company's stock, valued at approximately $596,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stephens Inc. AR acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth $268,000. US Bancorp DE acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth $791,000. New York State Teachers Retirement System acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth $14,835,000. Adams Natural Resources Fund Inc. acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth $2,041,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth $174,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Analysts Set New Price Targets

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

Smurfit Westrock Price Performance

Smurfit Westrock stock traded down $0.03 during midday trading on Friday, reaching $51.47. The stock had a trading volume of 3,613,467 shares, compared to its average volume of 5,425,182. The firm has a fifty day moving average of $46.40. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $52.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.18 and a current ratio of 1.48. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 286.13 and a beta of 1.05.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.06). The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $7.91 billion. Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. As a group, sell-side analysts predict that Smurfit Westrock Ltd will post 2.6 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is currently 672.26%.

Smurfit Westrock 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.