United Services Automobile Association Buys Shares of 10,832 Smurfit Westrock Ltd (NYSE:SW)

United Services Automobile Association purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,832 shares of the company's stock, valued at approximately $535,000.

A number of other hedge funds have also made changes to their positions in SW. State Street Corp acquired a new position in Smurfit Westrock during the third quarter worth $967,582,000. FMR LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at $431,653,000. Mizuho Securities USA LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at about $386,712,000. Soros Fund Management LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $340,848,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $151,212,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Wall Street Analysts Forecast Growth

SW has been the subject of several recent analyst reports. 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. Morgan Stanley boosted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Argus started coverage on Smurfit Westrock in a research report on Thursday. They set a "buy" rating and a $62.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.00.

Smurfit Westrock Stock Performance

NYSE SW traded down $0.24 on Monday, reaching $54.37. 2,568,238 shares of the company's stock traded hands, compared to its average volume of 4,989,366. The stock has a market cap of $28.28 billion, a price-to-earnings ratio of 302.07 and a beta of 1.04. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The business has a 50 day moving average of $50.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.23%. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.26%.

Insider Activity

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company's stock.

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.