M&G Plc Purchases Shares of 188,841 Smurfit Westrock Ltd (NYSE:SW)

M&G Plc acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 188,841 shares of the company’s stock, valued at approximately $9,253,000.

Several other institutional investors and hedge funds have also modified their holdings of SW. Radnor Capital Management LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $476,000. Amalgamated Bank acquired a new stake in shares of Smurfit Westrock in the third quarter valued at $4,854,000. Sentry Investment Management LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at about $119,000. Asset Management One Co. Ltd. acquired a new position in Smurfit Westrock during the 3rd quarter worth about $9,187,000. Finally, National Pension Service bought a new stake in Smurfit Westrock during the 3rd quarter worth about $3,984,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup started coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price for the company. Royal Bank of Canada raised Smurfit Westrock from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $52.00 to $58.00 in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. JPMorgan Chase & Co. cut their price target on 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, Redburn Atlantic began coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.43.

Smurfit Westrock Stock Up 0.5 %

SW stock opened at $53.45 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $54.32. The company has a fifty day moving average of $46.99. The firm has a market cap of $27.76 billion, a P/E ratio of 296.94 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a $0.3025 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.26%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.22%.

Smurfit Westrock 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.