BIP Wealth LLC Takes Position in Smurfit Westrock Ltd (NYSE:SW)

BIP Wealth LLC purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 63,079 shares of the company’s stock, valued at approximately $3,117,000.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth $26,000. ORG Wealth Partners LLC acquired a new position in Smurfit Westrock during the third quarter worth approximately $32,000. Waldron Private Wealth LLC purchased a new stake in Smurfit Westrock during the third quarter valued at about $35,000. Finally, Cromwell Holdings LLC purchased a new position in Smurfit Westrock in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SW. Redburn Atlantic began coverage on Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target for the company. Citigroup began coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Stock Up 3.5 %

Smurfit Westrock stock opened at $53.45 on Tuesday. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $54.32. The company has a market cap of $27.80 billion, a PE ratio of 296.96 and a beta of 1.04. The firm has a 50-day moving average of $47.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

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.