Smurfit Westrock Ltd (NYSE:SW) Shares Purchased by Old North State Wealth Management LLC

Old North State Wealth Management LLC raised its holdings in Smurfit Westrock Ltd (NYSE:SW) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,437 shares of the company’s stock after purchasing an additional 786 shares during the period. Smurfit Westrock comprises approximately 2.3% of Old North State Wealth Management LLC’s holdings, making the stock its 10th largest holding. Old North State Wealth Management LLC’s holdings in Smurfit Westrock were worth $4,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new stake in Smurfit Westrock in the fourth quarter valued at about $25,000. Mather Group LLC. bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock during the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in Smurfit Westrock by 117.7% during the fourth 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 last quarter. Finally, CVA Family Office LLC acquired a new position in Smurfit Westrock in the third quarter worth $26,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SW has been the topic of a number of research reports. Barclays increased their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Morgan Stanley raised their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. 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. Citigroup raised their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Two equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of $60.70.

Smurfit Westrock Stock Performance

Shares of SW opened at $53.84 on Wednesday. The firm has a market capitalization of $28.00 billion, a PE ratio of 299.10 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $53.75 and a 200 day moving average price of $49.30. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be issued a dividend of $0.4308 per share. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.20%. Smurfit Westrock’s payout ratio is presently 672.26%.

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.