Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. trimmed its stake in Smurfit Westrock Ltd (NYSE:SW) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,623 shares of the company’s stock after selling 1,223 shares during the period. Weatherly Asset Management L. P.’s holdings in Smurfit Westrock were worth $1,272,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $25,000. Mather Group LLC. acquired a new position in shares of Smurfit Westrock in the third quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Smurfit Westrock in the third quarter valued at approximately $26,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on SW shares. Barclays boosted their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. 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. Argus started coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Finally, Morgan Stanley upped their target price 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.70.

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 shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following 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 Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.

Smurfit Westrock Stock Performance

Shares of SW opened at $53.50 on Tuesday. The company has a 50-day simple moving average of $53.70 and a 200-day simple moving average of $49.47. 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 capitalization of $27.84 billion, a PE ratio of 297.22 and a beta of 1.02. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99.

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.22%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock’s dividend payout ratio is presently 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.