46,712 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Metis Global Partners LLC

Metis Global Partners LLC bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 46,712 shares of the company’s stock, valued at approximately $2,309,000.

Several other hedge funds have also recently bought and sold shares of SW. Private Management Group Inc. acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $9,405,000. Catalytic Wealth RIA LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $520,000. M&G PLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $9,253,000. Nisa Investment Advisors LLC acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $542,000. Finally, Amalgamated Bank acquired a new stake in Smurfit Westrock in the 3rd quarter valued at about $4,854,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Morgan Stanley raised their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday. 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 report on Wednesday, July 31st. Citigroup began coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price on the stock. Finally, Jefferies Financial Group reissued a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Stock Up 3.2 %

NYSE:SW opened at $51.66 on Friday. The stock’s 50 day moving average price is $47.49. The stock has a market cap of $26.87 billion, a P/E ratio of 287.00 and a beta of 1.04. 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 52-week low of $38.55 and a 52-week high of $54.32.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a dividend of $0.3025 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a yield of 2.34%. Smurfit Westrock’s dividend payout ratio is presently 672.22%.

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.