Wealthspire Advisors LLC Has $280,000 Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Wealthspire Advisors LLC lessened its position in Smurfit Westrock Ltd (NYSE:SW) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,204 shares of the company’s stock after selling 259 shares during the quarter. Wealthspire Advisors LLC’s holdings in Smurfit Westrock were worth $280,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Smurfit Westrock in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $30,000. Finally, Spire Wealth Management acquired a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SW shares. JPMorgan Chase & Co. boosted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Citigroup boosted their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Barclays boosted their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial assumed coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 target price for the company. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.70.

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $51.77 on Friday. The stock has a 50 day moving average of $53.61 and a 200-day moving average of $50.40. The company has a market capitalization of $26.95 billion, a P/E ratio of 94.13 and a beta of 1.02. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (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 research analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a $0.4308 dividend. The ex-dividend date is Friday, February 14th. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 3.33%. Smurfit Westrock’s payout ratio is 312.73%.

Insider Activity at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 111,458 shares in the company, valued at approximately $6,136,877.48. This represents a 17.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,225 shares of company stock worth $2,920,429 in the last ninety days. 0.49% of the stock is owned by company insiders.

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.