Park National Corp OH Acquires Shares of 5,408 Smurfit Westrock Ltd (NYSE:SW)

Park National Corp OH bought a new position in Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, HoldingsChannel reports. The firm bought 5,408 shares of the company’s stock, valued at approximately $291,000.

Several other large investors have also recently modified their holdings of SW. State Street Corp bought a new position in Smurfit Westrock during the third quarter valued at $967,582,000. Geode Capital Management LLC purchased a new position in shares of Smurfit Westrock during the 3rd quarter worth about $627,244,000. FMR LLC bought a new position in Smurfit Westrock during the 3rd quarter valued at about $431,653,000. Mizuho Securities USA LLC purchased a new stake in Smurfit Westrock in the 3rd quarter worth about $386,712,000. Finally, Soros Fund Management LLC bought a new stake in Smurfit Westrock in the third quarter worth about $340,848,000. Institutional investors own 83.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SW. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Citigroup lifted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday. Argus initiated coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Finally, Morgan Stanley upped their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $60.56.

Smurfit Westrock Stock Performance

Shares of SW opened at $51.93 on Thursday. 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 stock has a 50 day simple moving average of $53.53. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The stock has a market cap of $27.01 billion, a PE ratio of 288.52 and a beta of 1.03.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were issued a dividend of $0.3025 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.33%. Smurfit Westrock’s dividend payout ratio is currently 672.22%.

Insider Buying and Selling at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction 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 directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.49% of the company’s stock.

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.