Investors Asset Management of Georgia Inc. GA ADV Makes New $424,000 Investment in Smurfit Westrock Ltd (NYSE:SW)

Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 8,585 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Weatherly Asset Management L. P. bought a new position in Smurfit Westrock during the 3rd quarter worth $1,228,000. Lowe Brockenbrough & Co. Inc. acquired a new position in shares of Smurfit Westrock during the third quarter valued at $1,702,000. New York State Common Retirement Fund bought a new position in shares of Smurfit Westrock during the third quarter worth about $22,299,000. Hartford Financial Management Inc. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $596,000. Finally, Stephens Inc. AR bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $268,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup started coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target on the stock. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company reduced their price target on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Royal Bank of Canada raised Smurfit Westrock from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $52.00 to $58.00 in a report on Thursday. Finally, Morgan Stanley initiated coverage on shares of Smurfit Westrock in a research report on Friday, July 19th. They issued an “overweight” rating and a $60.00 target price for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.43.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock traded down $0.04 during trading on Friday, hitting $51.46. The stock had a trading volume of 3,613,467 shares, compared to its average volume of 3,738,048. The firm’s fifty day simple moving average is $46.53. The stock has a market capitalization of $26.73 billion, a price-to-earnings ratio of 285.93 and a beta of 1.04. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $52.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.18 and a current ratio of 1.48.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.06). Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $7.91 billion. As a group, research analysts forecast that Smurfit Westrock Ltd will post 2.6 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s payout ratio is 672.26%.

Smurfit Westrock Company Profile

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.