4,597 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Cwm LLC

Cwm LLC acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,597 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SW. AMF Tjanstepension AB acquired a new stake in Smurfit Westrock during the third quarter worth about $8,519,000. Kwmg LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $6,493,000. Czech National Bank acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $4,967,000. Sage Capital Advisors llc acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $3,929,000. Finally, Richard P Slaughter Associates Inc acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $3,230,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Smurfit Westrock in a research note on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target on the stock. Wells Fargo & Company dropped 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 research note on Monday, October 7th. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Smurfit Westrock Stock Up 0.8 %

Smurfit Westrock stock opened at $44.54 on Wednesday. The company has a 50 day moving average of $45.83. The company has a market capitalization of $11.45 billion, a PE ratio of 37.43 and a beta of 1.05. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $50.60.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $7.91 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. As a group, equities research analysts forecast that Smurfit Westrock Ltd will post 2.6 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, September 18th. Investors of record on Thursday, August 15th were issued a dividend of $0.3025 per share. This represents a yield of 2.5%. The ex-dividend date was Thursday, August 15th. Smurfit Westrock’s payout ratio is 101.68%.

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.