127,586 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Wharton Business Group LLC

Wharton Business Group LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, Holdings Channel reports. The fund bought 127,586 shares of the company’s stock, valued at approximately $6,305,000.

Several other hedge funds and other institutional investors have also modified their holdings of SW. Private Management Group Inc. bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $9,405,000. Catalytic Wealth RIA LLC bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $520,000. M&G PLC bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $9,253,000. Nisa Investment Advisors LLC bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $542,000. Finally, Amalgamated Bank bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $4,854,000. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SW shares. Redburn Atlantic started coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective for the company. Citigroup started coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday. Wells Fargo & Company dropped their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, Morgan Stanley boosted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Smurfit Westrock Trading Down 1.6 %

Shares of NYSE:SW opened at $50.83 on Monday. The firm has a 50 day moving average price of $47.63. The firm has a market cap of $26.44 billion, a PE ratio of 287.02 and a beta of 1.04. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $54.32. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is 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.