Sumitomo Mitsui Trust Group Inc. Takes $51.43 Million Position in Smurfit Westrock Ltd (NYSE:SW)

Sumitomo Mitsui Trust Group 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 1,040,665 shares of the company's stock, valued at approximately $51,430,000. Sumitomo Mitsui Trust Group Inc. owned approximately 0.20% of Smurfit Westrock as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth about $25,000. CVA Family Office LLC purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock during the third quarter worth approximately $32,000. Waldron Private Wealth LLC purchased a new stake in Smurfit Westrock in the 3rd quarter worth approximately $35,000. Finally, Cromwell Holdings LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Smurfit Westrock Trading Up 3.2 %

NYSE SW traded up $1.60 during mid-day trading on Friday, reaching $51.66. 3,028,239 shares of the company's stock traded hands, compared to its average volume of 3,853,953. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $54.32. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $26.87 billion, a P/E ratio of 287.02 and a beta of 1.04. The firm's fifty day simple moving average is $47.63.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend payout ratio is presently 672.26%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SW shares. Jefferies Financial Group restated a "hold" rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. Redburn Atlantic started coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a "buy" rating and a $60.00 target price for the company. Wells Fargo & Company dropped 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 research report on Monday, October 7th. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Citigroup assumed coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $58.00.

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.