Park National Corp OH Invests $291,000 in Smurfit Westrock Ltd (NYSE:SW)

Park National Corp OH acquired a new position in Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,408 shares of the company’s stock, valued at approximately $291,000.

Several other large investors also recently added to or reduced their stakes in the business. Private Management Group Inc. bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $9,405,000. Intech Investment Management LLC bought a new stake in Smurfit Westrock during the third quarter valued at about $597,000. Moors & Cabot Inc. purchased a new stake in Smurfit Westrock in the third quarter worth about $520,000. Citigroup Inc. bought a new position in shares of Smurfit Westrock in the third quarter worth about $77,207,000. Finally, Catalytic Wealth RIA LLC purchased a new position in shares of Smurfit Westrock during the 3rd quarter valued at about $520,000. 83.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Saverio Mayer sold 25,000 shares of the firm’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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Stock Down 0.3 %

Shares of Smurfit Westrock stock opened at $51.93 on Thursday. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. 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’s 50-day moving average price is $53.53. The stock has a market capitalization of $27.01 billion, a price-to-earnings ratio of 288.52 and a beta of 1.03.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s dividend payout ratio is presently 672.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SW shares. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Barclays raised their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company dropped their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Finally, Argus initiated coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.56.

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.