Richard P Slaughter Associates Inc Has $3.49 Million Position in Smurfit Westrock Ltd (NYSE:SW)

Richard P Slaughter Associates Inc cut its position in Smurfit Westrock Ltd (NYSE:SW) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,848 shares of the company’s stock after selling 512 shares during the period. Smurfit Westrock comprises about 0.8% of Richard P Slaughter Associates Inc’s portfolio, making the stock its 27th largest position. Richard P Slaughter Associates Inc’s holdings in Smurfit Westrock were worth $3,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth $26,000. Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth $27,000. ORG Wealth Partners LLC bought a new stake in Smurfit Westrock in the 3rd quarter valued at $32,000. Finally, Waldron Private Wealth LLC acquired a new position in Smurfit Westrock in the 3rd quarter worth $35,000. 83.38% of the stock is owned by institutional investors.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Trading Up 1.5 %

SW opened at $52.93 on Wednesday. The firm has a fifty day simple moving average of $53.58. 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 $27.53 billion, a PE ratio of 294.07 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Friday, November 15th. Smurfit Westrock’s payout ratio is presently 672.22%.

Analyst Ratings Changes

A number of research firms recently issued reports on SW. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Wells Fargo & Company lowered their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. increased their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Citigroup boosted their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Morgan Stanley raised their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.