Swedbank AB purchased a new stake in Smurfit Westrock Ltd (NYSE:SW - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 276,328 shares of the company's stock, valued at approximately $13,656,000. Swedbank AB owned about 0.05% of Smurfit Westrock as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Mather Group LLC. purchased a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $25,000. CVA Family Office LLC purchased a new stake in Smurfit Westrock during the third quarter valued at approximately $26,000. ORG Wealth Partners LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $32,000. Waldron Private Wealth LLC purchased a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $35,000. Finally, Cromwell Holdings LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 83.38% of the company's stock.
Shares of NYSE:SW opened at $55.53 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $28.88 billion, a price-to-earnings ratio of 308.52 and a beta of 1.04. The stock's 50 day moving average is $49.07. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.26%.
Several research analysts have commented on the stock. Redburn Atlantic started 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 for the company. Citigroup initiated coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of 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 target price 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, Royal Bank of Canada reissued an "outperform" rating and set a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.
Check Out Our Latest Stock Report on SW
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.
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