Nicholas Hoffman & Company LLC. Makes New $516,000 Investment in Smurfit Westrock Ltd (NYSE:SW)

Nicholas Hoffman & Company LLC. acquired a new position in Smurfit Westrock Ltd (NYSE:SW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,574 shares of the company’s stock, valued at approximately $516,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SW. AMF Tjanstepension AB acquired a new position in Smurfit Westrock during the 3rd quarter valued at approximately $8,519,000. CWM LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $227,000. Exchange Traded Concepts LLC purchased a new position in Smurfit Westrock in the 3rd quarter worth $83,000. Creative Planning purchased a new stake in Smurfit Westrock during the 3rd quarter valued at about $824,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Smurfit Westrock in the third quarter valued at about $2,822,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction of $1,371,000.00. Following the completion of the sale, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SW. Truist Financial assumed coverage on Smurfit Westrock in a report on Tuesday, January 21st. They set a “buy” rating and a $62.00 target price for the company. Citigroup upped their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Morgan Stanley raised their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their price target on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Trading Down 1.9 %

Shares of SW stock opened at $53.63 on Tuesday. The stock has a 50 day simple moving average of $53.54 and a 200-day simple moving average of $49.69. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The company has a market cap of $27.92 billion, a price-to-earnings ratio of 297.98 and a beta of 1.02. 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 (NYSE:SW) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. On average, equities research analysts expect that Smurfit Westrock Ltd will post 2.65 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 3.21%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock’s payout ratio is presently 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.