10,313 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Vestcor Inc

Vestcor Inc purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,313 shares of the company's stock, valued at approximately $510,000.

Several other hedge funds also recently made changes to their positions in the stock. Mather Group LLC. purchased a new stake in Smurfit Westrock in the 3rd quarter worth approximately $25,000. CVA Family Office LLC bought a new position in shares of Smurfit Westrock in the third quarter worth $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Smurfit Westrock in the third quarter worth $32,000. Waldron Private Wealth LLC bought a new stake in Smurfit Westrock during the third quarter valued at $35,000. Finally, Cromwell Holdings LLC bought a new stake in Smurfit Westrock during the third quarter valued at $42,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on SW shares. Wells Fargo & Company dropped their target price 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. Royal Bank of Canada restated an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Barclays upped their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday. Argus assumed coverage on Smurfit Westrock in a research report on Thursday, December 5th. They set a "buy" rating and a $62.00 price target on the stock. Finally, Citigroup initiated coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Insider Activity at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction 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 directly owns 149,911 shares of the company's stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded up $0.28 during mid-day trading on Friday, hitting $53.73. 2,440,098 shares of the stock traded hands, compared to its average volume of 3,256,798. The company has a market capitalization of $27.95 billion, a P/E ratio of 298.52 and a beta of 1.04. The stock has a fifty day moving average of $50.71. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a $0.3025 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.25%. Smurfit Westrock's payout ratio is currently 672.26%.

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.