127,586 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Wharton Business Group LLC

Wharton Business Group LLC acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 127,586 shares of the company’s stock, valued at approximately $6,305,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SW. Private Management Group Inc. acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $9,405,000. Catalytic Wealth RIA LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $520,000. M&G PLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $9,253,000. Nisa Investment Advisors LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $542,000. Finally, Amalgamated Bank acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $4,854,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SW shares. Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. Citigroup assumed coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective 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, Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They set a “buy” rating and a $60.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $50.83 on Monday. The company has a market cap of $26.44 billion, a P/E ratio of 287.02 and a beta of 1.04. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The business’s 50-day moving average is $47.63. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $54.32.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s payout ratio is 672.26%.

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.