Czech National Bank Purchases 6,634 Shares of Smurfit Westrock Ltd (NYSE:SW)

Czech National Bank increased its holdings in Smurfit Westrock Ltd (NYSE:SW) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,142 shares of the company’s stock after acquiring an additional 6,634 shares during the period. Czech National Bank’s holdings in Smurfit Westrock were worth $5,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at approximately $967,582,000. Geode Capital Management LLC purchased a new position in Smurfit Westrock in the third quarter valued at approximately $627,244,000. FMR LLC bought a new position in Smurfit Westrock during the third quarter valued at $431,653,000. Mizuho Securities USA LLC purchased a new stake in Smurfit Westrock in the third quarter worth $386,712,000. Finally, Soros Fund Management LLC bought a new stake in shares of Smurfit Westrock in the third quarter valued at $340,848,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the insider now directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Price Performance

SW opened at $52.93 on Wednesday. The stock has a market cap of $27.53 billion, a price-to-earnings ratio of 294.07 and a beta of 1.03. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. The firm’s fifty day moving average price is $53.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were paid a $0.3025 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.29%. Smurfit Westrock’s dividend payout ratio is currently 672.22%.

Analyst Ratings Changes

SW has been the subject of several research reports. Barclays increased their price target on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Citigroup lifted their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Morgan Stanley upped their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, Wells Fargo & Company lowered their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.56.

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.