Citizens National Bank Trust Department Invests $253,000 in Smurfit Westrock Ltd (NYSE:SW)

Citizens National Bank Trust Department bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,690 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors also recently bought and sold shares of SW. State Street Corp bought a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $967,582,000. Geode Capital Management LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $627,244,000. FMR LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $431,653,000. Mizuho Securities USA LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $386,712,000. Finally, Soros Fund Management LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $340,848,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SW shares. Truist Financial started coverage on Smurfit Westrock in a research report on Tuesday, January 21st. They issued a “buy” rating and a $62.00 target price for the company. Argus started coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Citigroup upped their price target on Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Barclays upped 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Stock Performance

Shares of SW opened at $55.34 on Thursday. The business’s fifty day simple moving average is $53.60 and its two-hundred day simple moving average is $49.90. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company has a market cap of $28.80 billion, a price-to-earnings ratio of 100.63 and a beta of 1.02.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be paid a $0.4308 dividend. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, February 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 312.73%.

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.