TD Private Client Wealth LLC Purchases 10,504 Shares of Smurfit Westrock Ltd (NYSE:SW)

TD Private Client Wealth LLC increased its holdings in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) by 142.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,885 shares of the company's stock after acquiring an additional 10,504 shares during the quarter. TD Private Client Wealth LLC's holdings in Smurfit Westrock were worth $963,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Assetmark Inc. grew its position in shares of Smurfit Westrock by 16.6% in the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company's stock valued at $75,000 after purchasing an additional 198 shares during the last quarter. Stephens Inc. AR increased its position in Smurfit Westrock by 3.7% during the 4th quarter. Stephens Inc. AR now owns 5,616 shares of the company's stock worth $302,000 after buying an additional 199 shares during the period. Principal Securities Inc. lifted its holdings in shares of Smurfit Westrock by 49.1% during the fourth quarter. Principal Securities Inc. now owns 695 shares of the company's stock worth $37,000 after buying an additional 229 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after acquiring an additional 279 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of Smurfit Westrock by 0.5% in the fourth quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company's stock valued at $3,011,000 after acquiring an additional 299 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

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Smurfit Westrock Trading Up 0.4 %

Shares of Smurfit Westrock stock traded up $0.19 during trading on Thursday, hitting $45.47. The company's stock had a trading volume of 4,016,176 shares, compared to its average volume of 4,563,028. The stock has a market cap of $23.73 billion, a price-to-earnings ratio of 82.67 and a beta of 0.99. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The stock has a 50-day moving average price of $50.81 and a two-hundred day moving average price of $50.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. Equities research analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, February 14th were given a dividend of $0.4308 per share. This is a positive change from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.79%. Smurfit Westrock's dividend payout ratio is presently 312.73%.

Analyst Ratings Changes

SW has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Truist Financial assumed coverage on Smurfit Westrock in a report on Tuesday, January 21st. They set a "buy" rating and a $62.00 target price on the stock. Citigroup upped their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Morgan Stanley cut their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.70.

Insider Buying and Selling

In other news, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now owns 44,361 shares of the company's stock, valued at $2,391,057.90. This trade represents a 8.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction 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 owns 111,458 shares of the company's stock, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

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.