Corient Private Wealth LLC Sells 14,826 Shares of Smurfit Westrock Ltd (NYSE:SW)

Corient Private Wealth LLC cut its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 43.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,486 shares of the company’s stock after selling 14,826 shares during the quarter. Corient Private Wealth LLC’s holdings in Smurfit Westrock were worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SW. Retirement Wealth Solutions LLC bought a new stake in shares of Smurfit Westrock during the 4th quarter valued at $25,000. Versant Capital Management Inc bought a new stake in Smurfit Westrock during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the period. Deseret Mutual Benefit Administrators bought a new position in shares of Smurfit Westrock during the fourth quarter valued at approximately $30,000. Finally, Spire Wealth Management purchased a new position in shares of Smurfit Westrock during the fourth quarter valued at approximately $36,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Morgan Stanley lowered their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Truist Financial initiated coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Finally, Argus initiated coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Insider Buying and Selling

In related news, insider Ken Bowles sold 24,225 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the transaction, the insider now directly owns 111,458 shares in the company, valued at approximately $6,136,877.48. The trade was a 17.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alvaro Henao sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Smurfit Westrock Trading Down 0.5 %

NYSE:SW opened at $45.33 on Thursday. The company has a market cap of $23.66 billion, a PE ratio of 82.43 and a beta of 0.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $50.81 and a two-hundred day simple moving average of $50.62. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99.

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

Smurfit Westrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were paid a $0.4308 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, February 14th. 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 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.