Smurfit Westrock Ltd (NYSE:SW) Position Lowered by 626 Financial LLC

626 Financial LLC decreased its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,175 shares of the company’s stock after selling 1,802 shares during the period. 626 Financial LLC’s holdings in Smurfit Westrock were worth $925,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SW. Miracle Mile Advisors LLC bought a new position in Smurfit Westrock in the fourth quarter worth about $1,075,000. Moody National Bank Trust Division bought a new position in Smurfit Westrock in the fourth quarter worth about $739,000. Fiduciary Alliance LLC bought a new position in Smurfit Westrock in the fourth quarter worth about $253,000. Czech National Bank increased its stake in shares of Smurfit Westrock by 6.6% in the fourth quarter. Czech National Bank now owns 107,142 shares of the company’s stock valued at $5,771,000 after purchasing an additional 6,634 shares during the period. Finally, First Hawaiian Bank acquired a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $936,000. Institutional investors own 83.38% of the company’s stock.

Insider Activity at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the sale, the insider now owns 149,911 shares in the company, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by insiders.

Smurfit Westrock Stock Up 1.5 %

Shares of SW stock opened at $52.93 on Wednesday. The stock’s fifty day moving average is $53.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The company has a market capitalization of $27.53 billion, a P/E ratio of 294.07 and a beta of 1.03.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Barclays raised their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Citigroup upped 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. Finally, Argus started coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

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.