TD Private Client Wealth LLC Purchases Shares of 7,381 Smurfit Westrock Ltd (NYSE:SW)

TD Private Client Wealth LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, HoldingsChannel reports. The firm bought 7,381 shares of the company’s stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SW. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Smurfit Westrock in the third quarter valued at $1,007,000. Twin Lakes Capital Management LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $48,000. Geode Capital Management LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter worth about $627,244,000. Vestcor Inc acquired a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $510,000. Finally, M&T Bank Corp bought a new stake in Smurfit Westrock in the third quarter valued at about $3,733,000. 83.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on SW. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Redburn Atlantic assumed coverage on Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target on the stock. Argus initiated coverage on Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. Barclays lifted their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the company’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 transaction, the insider now owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by company insiders.

Smurfit Westrock Stock Performance

Shares of NYSE:SW opened at $53.73 on Friday. The firm has a fifty day simple moving average of $50.71. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 298.52 and a beta of 1.04. 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 Ltd has a twelve month low of $38.55 and a twelve month high of $56.99.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders 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 dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio 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.