Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. cut its stake in Smurfit Westrock Ltd (NYSE:SW) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002 shares of the company’s stock after selling 1,050 shares during the period. Oakworth Capital Inc.’s holdings in Smurfit Westrock were worth $54,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Mather Group LLC. acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC acquired a new stake in Smurfit Westrock during the fourth quarter valued at approximately $25,000. CVA Family Office LLC bought a new stake in Smurfit Westrock during the third quarter worth approximately $26,000. Versant Capital Management Inc acquired a new position in Smurfit Westrock in the fourth quarter worth approximately $27,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction 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 completion of the sale, the insider now owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Smurfit Westrock Trading Up 0.6 %

Smurfit Westrock stock opened at $54.84 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99. The company’s fifty day simple moving average is $53.72 and its 200-day simple moving average is $49.39. The stock has a market cap of $28.53 billion, a P/E ratio of 304.69 and a beta of 1.02.

Smurfit Westrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th will be given a $0.4308 dividend. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, February 14th. Smurfit Westrock’s dividend payout ratio is presently 672.26%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SW. Barclays lifted their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Argus initiated coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. JPMorgan Chase & Co. raised their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Finally, Citigroup boosted their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.70.

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.