AlphaStar Capital Management LLC Acquires 2,532 Shares of Smurfit Westrock Ltd (NYSE:SW)

AlphaStar Capital Management LLC lifted its holdings in Smurfit Westrock Ltd (NYSE:SW) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,645 shares of the company’s stock after purchasing an additional 2,532 shares during the period. AlphaStar Capital Management LLC’s holdings in Smurfit Westrock were worth $1,166,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock during the 4th quarter valued at about $25,000. Mather Group LLC. bought a new position in shares of Smurfit Westrock in the third quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the period. Finally, CVA Family Office LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at $26,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Trading Down 1.6 %

Shares of SW opened at $54.00 on Friday. 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 market cap of $28.10 billion, a PE ratio of 299.99 and a beta of 1.02. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The stock has a 50 day simple moving average of $53.70 and a 200-day simple moving average of $49.47.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.4308 per share. The ex-dividend date is Friday, February 14th. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.19%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Insider Activity

In related 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 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 $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SW shares. Barclays lifted 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. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Argus began 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 on the stock. Morgan Stanley increased their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Truist Financial began coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

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.