IFP Advisors Inc Has $26,000 Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

IFP Advisors Inc trimmed its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 96.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 484 shares of the company’s stock after selling 15,332 shares during the quarter. IFP Advisors Inc’s holdings in Smurfit Westrock were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. State Street Corp acquired a new position in shares of Smurfit Westrock in the third quarter worth approximately $967,582,000. Geode Capital Management LLC acquired a new position in shares of Smurfit Westrock in the third quarter worth approximately $627,244,000. FMR LLC acquired a new position in shares of Smurfit Westrock in the third quarter worth approximately $431,653,000. Mizuho Securities USA LLC acquired a new position in shares of Smurfit Westrock in the third quarter worth approximately $386,712,000. Finally, Soros Fund Management LLC acquired a new position in shares of Smurfit Westrock in the third quarter worth approximately $340,848,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Trading Down 0.4 %

NYSE SW opened at $46.53 on Friday. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 84.61 and a beta of 0.99. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The business has a 50 day moving average price of $52.93 and a 200-day moving average price of $50.68. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last released 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 net margin of 0.63% and a return on equity of 6.16%. As a group, equities analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be given a dividend of $0.4308 per share. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.70%. Smurfit Westrock’s payout ratio is presently 312.73%.

Insider Activity at Smurfit Westrock

In related news, insider Ken Bowles sold 24,225 shares of Smurfit Westrock 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 transaction, the insider now owns 111,458 shares of the company’s stock, valued at $6,136,877.48. The trade was a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alvaro Henao sold 4,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the transaction, the insider now directly 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 owned by insiders.

Analysts Set New Price Targets

SW has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Argus started coverage on Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. JPMorgan Chase & Co. lifted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Finally, Citigroup lifted their target price on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.70.

Smurfit Westrock Company 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.