1,667 Shares in Smurfit Westrock Ltd (NYSE:SW) Acquired by Allworth Financial LP

Allworth Financial LP acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,667 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $62,832,000. Compagnie Lombard Odier SCmA acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $39,627,000. Boston Common Asset Management LLC purchased a new position in Smurfit Westrock during the third quarter worth $16,262,000. Swedbank AB acquired a new position in shares of Smurfit Westrock in the third quarter worth $13,656,000. Finally, AMF Tjanstepension AB purchased a new stake in shares of Smurfit Westrock in the third quarter valued at $8,519,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $51.50 on Friday. The stock has a market cap of $26.75 billion, a PE ratio of 56.59 and a beta of 1.05. The company’s fifty day moving average is $46.40. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $52.76.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $7.91 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. On average, sell-side analysts forecast that Smurfit Westrock Ltd will post 2.6 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 132.97%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SW shares. Morgan Stanley assumed coverage on Smurfit Westrock in a research report on Friday, July 19th. They set an “overweight” rating and a $60.00 price objective for the company. Jefferies Financial Group reissued a “hold” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a research report on Monday, July 29th. Royal Bank of Canada upgraded shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $52.00 to $58.00 in a research report on Thursday. Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and a consensus price target of $57.43.

About Smurfit Westrock

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.