MML Investors Services LLC Takes $410,000 Position in Smurfit Westrock Ltd (NYSE:SW)

MML Investors Services LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,303 shares of the company’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new position in Smurfit Westrock during the third quarter worth about $25,000. CVA Family Office LLC purchased a new position in Smurfit Westrock during the third quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new position in Smurfit Westrock during the third quarter worth $32,000. Waldron Private Wealth LLC purchased a new stake in Smurfit Westrock in the 3rd quarter valued at $35,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 1.2 %

SW opened at $53.93 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The stock has a market capitalization of $28.05 billion, a price-to-earnings ratio of 299.63 and a beta of 1.04. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The stock’s fifty day moving average price is $51.59.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 672.22%.

Insiders Place Their Bets

In other news, insider Saverio Mayer sold 25,000 shares of the 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 sale, the insider now directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SW shares. JPMorgan Chase & Co. boosted their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Citigroup began coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price on the stock. Barclays raised their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Argus began coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.00.

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.