Smurfit Westrock Ltd (SW) To Go Ex-Dividend on February 14th

Smurfit Westrock Ltd (NYSE:SW) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.4308 per share on Tuesday, March 18th. This represents a $1.72 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Friday, February 14th. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30.

Smurfit Westrock Trading Down 0.0 %

Shares of NYSE SW opened at $53.51 on Wednesday. The business has a fifty day simple moving average of $53.67 and a 200-day simple moving average of $49.52. 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 company has a market cap of $27.85 billion, a price-to-earnings ratio of 297.28 and a beta of 1.02. Smurfit Westrock has a 12 month low of $38.55 and a 12 month high of $56.99.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the firm’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 transaction of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SW shares. Argus began coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. upped 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. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Citigroup boosted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Barclays lifted 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $60.70.

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.