Fiduciary Alliance LLC Makes New $253,000 Investment in Smurfit Westrock Ltd (NYSE:SW)

Fiduciary Alliance LLC purchased a new stake in Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,700 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in Smurfit Westrock in the 3rd quarter valued at $25,000. Versant Capital Management Inc bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at about $27,000. CVA Family Office LLC acquired a new position in shares of Smurfit Westrock during the third quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock during the third quarter worth about $32,000. Finally, Waldron Private Wealth LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report 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 for the company in a research report on Monday, October 7th. Morgan Stanley boosted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, Barclays upped their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

Smurfit Westrock Stock Performance

Smurfit Westrock stock opened at $52.93 on Wednesday. The stock’s 50-day simple moving average is $53.58. The company has a market capitalization of $27.53 billion, a PE ratio of 294.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were paid a dividend of $0.3025 per share. 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 currently 672.22%.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares of the company’s stock, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by company insiders.

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.