398,876 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP purchased a new stake in Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 398,876 shares of the company’s stock, valued at approximately $21,483,000. Artemis Investment Management LLP owned 0.08% of Smurfit Westrock at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $967,582,000. Geode Capital Management LLC acquired a new position in Smurfit Westrock in the third quarter valued at about $627,244,000. FMR LLC bought a new stake in Smurfit Westrock during the third quarter worth about $431,653,000. Mizuho Securities USA LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth approximately $386,712,000. Finally, Soros Fund Management LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at approximately $340,848,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 149,911 shares in the company, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SW has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Wells Fargo & Company lowered 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 lifted their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Citigroup increased their price objective on shares of 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. boosted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.56.

Smurfit Westrock Trading Up 1.4 %

Shares of NYSE:SW opened at $52.95 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The company has a market cap of $27.54 billion, a PE ratio of 294.20 and a beta of 1.03. The stock’s 50-day moving average price is $53.56.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 672.26%.

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.