Citizens National Bank Trust Department Purchases Shares of 4,690 Smurfit Westrock Ltd (NYSE:SW)

Citizens National Bank Trust Department purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, HoldingsChannel reports. The fund purchased 4,690 shares of the company’s stock, valued at approximately $253,000.

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

Insider Buying and Selling

In related news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SW has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Citigroup lifted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Argus initiated coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price on the stock. Truist Financial initiated coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price target for the company. Finally, Morgan Stanley lifted 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus price target of $60.70.

Smurfit Westrock Stock Up 0.1 %

Shares of NYSE:SW opened at $55.34 on Thursday. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The business has a 50 day simple moving average of $53.60 and a two-hundred day simple moving average of $49.90. The firm has a market capitalization of $28.80 billion, a PE ratio of 100.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. On average, equities analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.11%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio is 312.73%.

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.