Kwmg LLC Reduces Stock Position in Smurfit Westrock Ltd (NYSE:SW)

Kwmg LLC trimmed its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,410 shares of the company’s stock after selling 1,966 shares during the period. Kwmg LLC’s holdings in Smurfit Westrock were worth $6,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $25,000. CVA Family Office LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new stake in Smurfit Westrock in the 4th quarter worth approximately $27,000. ORG Wealth Partners LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $32,000. Finally, Waldron Private Wealth LLC purchased a new position in Smurfit Westrock during the third quarter valued at approximately $35,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.7 %

NYSE SW traded up $0.35 during trading hours on Monday, hitting $52.12. 1,154,502 shares of the company were exchanged, compared to its average volume of 2,525,998. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average price of $53.55. The stock has a market capitalization of $27.11 billion, a PE ratio of 289.57 and a beta of 1.03.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were issued a dividend of $0.3025 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.21 annualized dividend and a yield of 2.32%. Smurfit Westrock’s payout ratio is presently 672.22%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective 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. Barclays upped their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Citigroup lifted their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.56.

Insider Buying and Selling

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 sale, the insider now directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

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.