Wealth Enhancement Advisory Services LLC Sells 420 Shares of Smurfit Westrock Ltd (NYSE:SW)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 91,882 shares of the company’s stock after selling 420 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Smurfit Westrock were worth $4,541,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State Street Corp bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth approximately $967,582,000. Geode Capital Management LLC acquired a new position in shares of Smurfit Westrock in the third quarter valued at $627,244,000. FMR LLC bought a new position in Smurfit Westrock in the third quarter worth $431,653,000. Mizuho Securities USA LLC acquired a new stake in Smurfit Westrock during the third quarter worth $386,712,000. Finally, Soros Fund Management LLC bought a new stake in Smurfit Westrock in the 3rd quarter valued at $340,848,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.7 %

Shares of NYSE SW opened at $52.12 on Tuesday. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The stock’s 50-day moving average is $53.56. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The firm has a market cap of $27.11 billion, a P/E ratio of 289.57 and a beta of 1.03.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were paid a dividend of $0.3025 per share. The ex-dividend date was Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.32%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.22%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SW shares. Morgan Stanley raised their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. 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. Citigroup raised 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, January 6th. Barclays upped their price target on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.56.

Insider Activity at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock 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 sale, the insider now directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.

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.