Journey Strategic Wealth LLC Acquires New Position in Smurfit Westrock Ltd (NYSE:SW)

Journey Strategic Wealth LLC acquired a new stake in Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,839 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently added to or reduced their stakes in SW. Mather Group LLC. purchased a new stake in shares of Smurfit Westrock during the 3rd quarter worth approximately $25,000. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock in the 4th quarter valued at $25,000. CVA Family Office LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at $26,000. Versant Capital Management Inc acquired a new position in Smurfit Westrock in the 4th quarter valued at $27,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the period. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Truist Financial initiated coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target on the stock. Wells Fargo & Company decreased their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Barclays lifted their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average target price of $60.70.

Insider Buying and Selling

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the company’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 directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Stock Up 0.6 %

SW stock opened at $53.42 on Tuesday. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The firm has a market cap of $27.79 billion, a price-to-earnings ratio of 296.78 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The firm has a fifty day moving average price of $53.81 and a two-hundred day moving average price of $49.25.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be issued a $0.4308 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.23%. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio is presently 955.56%.

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.