9,421 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Wealth Alliance

Wealth Alliance bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,421 shares of the company's stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp acquired a new position in shares of Smurfit Westrock in the third quarter worth about $967,582,000. Geode Capital Management LLC acquired a new position in Smurfit Westrock in the 3rd quarter worth approximately $627,244,000. FMR LLC purchased a new position in Smurfit Westrock during the 3rd quarter worth approximately $431,653,000. Mizuho Securities USA LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $386,712,000. Finally, Soros Fund Management LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $340,848,000. Institutional investors and hedge funds own 83.38% of the company's stock.

Insider Activity at Smurfit Westrock

In related news, insider Ken Bowles sold 24,225 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the transaction, the insider now directly owns 111,458 shares of the company's stock, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SW shares. Citigroup lifted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a report on Monday, January 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Argus assumed coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a "buy" rating and a $62.00 price target for the company. JPMorgan Chase & Co. upped their price objective 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. Finally, Barclays boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.70.

Smurfit Westrock Trading Up 1.1 %

SW stock traded up $0.60 during midday trading on Monday, reaching $53.76. The company's stock had a trading volume of 1,731,998 shares, compared to its average volume of 3,307,232. The business's 50-day simple moving average is $53.60 and its 200-day simple moving average is $50.16. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The stock has a market cap of $27.98 billion, a PE ratio of 97.77 and a beta of 1.02.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results 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 net margin of 0.63% and a return on equity of 6.16%. As a group, sell-side analysts expect that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be given a dividend of $0.4308 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock's dividend payout ratio (DPR) is currently 312.73%.

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.