First United Bank & Trust Takes Position in Smurfit Westrock Ltd (NYSE:SW)

First United Bank & Trust bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 958 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings in Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. acquired a new position in Smurfit Westrock in the fourth quarter valued at $58,000. Artemis Investment Management LLP purchased a new stake in Smurfit Westrock during the fourth quarter valued at about $21,483,000. HB Wealth Management LLC acquired a new stake in Smurfit Westrock during the 4th quarter worth approximately $715,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Smurfit Westrock in the fourth quarter worth $25,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on SW. Barclays raised their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company 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 stock an “overweight” rating in a research report on Friday, November 29th. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Citigroup upped their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Morgan Stanley lifted their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.56.

Insiders Place Their Bets

In other news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was 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 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 SEC, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Price Performance

NYSE SW opened at $52.95 on Tuesday. The stock has a fifty day moving average of $53.58. The firm has a market cap of $27.54 billion, a price-to-earnings ratio of 294.20 and a beta of 1.03. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99.

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 paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s dividend payout ratio is 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.