Creative Planning Purchases Shares of 16,677 Smurfit Westrock Ltd (NYSE:SW)

Creative Planning purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,677 shares of the company’s stock, valued at approximately $824,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Compagnie Lombard Odier SCmA bought a new stake in Smurfit Westrock during the 3rd quarter valued at $39,627,000. Boston Common Asset Management LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at $16,262,000. AMF Tjanstepension AB purchased a new position in Smurfit Westrock during the 3rd quarter worth $8,519,000. Gateway Investment Advisers LLC purchased a new position in Smurfit Westrock during the 3rd quarter worth $7,063,000. Finally, Kwmg LLC purchased a new position in Smurfit Westrock during the 3rd quarter worth $6,493,000. Institutional investors own 83.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Royal Bank of Canada raised shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $52.00 to $58.00 in a report on Thursday. Redburn Atlantic initiated coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. Wells Fargo & Company cut their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.43.

Smurfit Westrock Stock Down 0.1 %

Shares of SW stock opened at $51.46 on Friday. The business has a fifty day simple moving average of $46.53. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $52.76. The stock has a market capitalization of $26.73 billion, a price-to-earnings ratio of 285.89 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 2.18.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be issued a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.35%. Smurfit Westrock’s dividend payout ratio (DPR) is 672.22%.

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.