Czech National Bank Raises Stake in Smurfit Westrock Ltd (NYSE:SW)

Czech National Bank raised its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,142 shares of the company’s stock after acquiring an additional 6,634 shares during the period. Czech National Bank’s holdings in Smurfit Westrock were worth $5,771,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Management Group Inc. bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at $9,405,000. Intech Investment Management LLC purchased a new stake in Smurfit Westrock during the third quarter valued at about $597,000. Moors & Cabot Inc. bought a new position in shares of Smurfit Westrock during the third quarter valued at about $520,000. Citigroup Inc. purchased a new position in shares of Smurfit Westrock in the third quarter worth about $77,207,000. Finally, Catalytic Wealth RIA LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $520,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Smurfit Westrock Stock Up 1.5 %

Shares of SW stock opened at $52.93 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The business has a fifty day simple moving average of $53.58. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 294.07 and a beta of 1.03. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were given a $0.3025 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.29%. Smurfit Westrock’s dividend payout ratio is 672.22%.

Wall Street Analyst Weigh In

SW has been the topic of several recent research reports. Barclays raised their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Wells Fargo & Company decreased their target price on shares of 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. Citigroup increased their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Morgan Stanley raised their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

Insider Activity

In other news, insider Saverio Mayer sold 25,000 shares of the firm’s 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 completion of the transaction, the insider now owns 149,911 shares in the company, 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 SEC, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

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.