Transform Wealth LLC Sells 562 Shares of Smurfit Westrock Ltd (NYSE:SW)

Transform Wealth LLC lessened its holdings in shares of Smurfit Westrock Ltd (NYSE:SW) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,250 shares of the company’s stock after selling 562 shares during the quarter. Transform Wealth LLC’s holdings in Smurfit Westrock were worth $1,522,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. AMF Tjanstepension AB bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $8,519,000. Czech National Bank purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $4,967,000. SG Americas Securities LLC bought a new stake in Smurfit Westrock during the third quarter worth $843,000. Park Avenue Securities LLC purchased a new stake in Smurfit Westrock in the 3rd quarter valued at $561,000. Finally, GAMMA Investing LLC bought a new position in Smurfit Westrock during the 3rd quarter valued at $249,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Trading Up 1.4 %

Smurfit Westrock stock opened at $52.95 on Tuesday. The firm has a 50 day moving average price of $53.58. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The stock has a market capitalization of $27.54 billion, a P/E ratio of 294.20 and a beta of 1.03. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were given a dividend of $0.3025 per share. The ex-dividend date was Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.29%. Smurfit Westrock’s dividend payout ratio is presently 672.26%.

Insider Transactions at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the sale, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Argus began coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Morgan Stanley increased their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Barclays upped their target price on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.56.

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.