Tokio Marine Asset Management Co. Ltd. Grows Position in Smurfit Westrock Ltd (NYSE:SW)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in Smurfit Westrock Ltd (NYSE:SW) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,416 shares of the company’s stock after acquiring an additional 1,287 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Smurfit Westrock were worth $938,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SW. Mather Group LLC. acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth $25,000. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock during the 4th quarter worth $25,000. CVA Family Office LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth $26,000. Versant Capital Management Inc acquired a new position in shares of Smurfit Westrock during the 4th quarter worth $27,000. Finally, MassMutual Private Wealth & Trust FSB raised 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 buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.6 %

NYSE SW opened at $53.42 on Tuesday. The stock has a market cap of $27.79 billion, a PE ratio of 296.78 and a beta of 1.03. 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 price of $53.81 and a two-hundred day moving average price of $49.25. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SW shares. Citigroup lifted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company cut 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 note on Monday, October 7th. Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Barclays boosted their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

Insiders Place Their Bets

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 of the company’s stock, valued at $8,221,119.24. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

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.