Richard P Slaughter Associates Inc Has $3.49 Million Stake in Smurfit Westrock Ltd (NYSE:SW)

Richard P Slaughter Associates Inc reduced its stake in Smurfit Westrock Ltd (NYSE:SW) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 64,848 shares of the company’s stock after selling 512 shares during the quarter. Smurfit Westrock makes up 0.8% of Richard P Slaughter Associates Inc’s investment portfolio, making the stock its 27th largest holding. Richard P Slaughter Associates Inc’s holdings in Smurfit Westrock were worth $3,493,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth about $25,000. Versant Capital Management Inc bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at about $27,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in Smurfit Westrock during the third quarter valued at about $32,000. Finally, Waldron Private Wealth LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at approximately $35,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

Shares of SW opened at $52.93 on Wednesday. The company has a market cap of $27.53 billion, a price-to-earnings ratio of 294.07 and a beta of 1.03. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. 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 company has a fifty day moving average price of $53.58.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were issued a dividend of $0.3025 per share. The ex-dividend date was Friday, November 15th. This represents a $1.21 annualized dividend and a yield of 2.29%. Smurfit Westrock’s dividend payout ratio is currently 672.22%.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction on 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. The trade was a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

SW has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on 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. Barclays increased their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price 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. Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a “buy” rating and a $62.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.56.

Smurfit Westrock Company 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.