Fmr LLC Buys New Shares in Smurfit Westrock Ltd (NYSE:SW)

Fmr LLC acquired a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,726,998 shares of the company’s stock, valued at approximately $431,653,000. Fmr LLC owned 1.68% of Smurfit Westrock as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SW. Mather Group LLC. acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $25,000. CVA Family Office LLC acquired a new position in Smurfit Westrock in the third quarter worth about $26,000. ORG Wealth Partners LLC acquired a new position in Smurfit Westrock in the third quarter worth about $32,000. Waldron Private Wealth LLC bought a new position in Smurfit Westrock during the third quarter worth about $35,000. Finally, Cromwell Holdings LLC acquired a new stake in Smurfit Westrock during the third quarter valued at approximately $42,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Up 0.5 %

Smurfit Westrock stock opened at $55.01 on Friday. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99. The firm has a 50-day simple moving average of $49.48. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The company has a market capitalization of $28.61 billion, a PE ratio of 305.63 and a beta of 1.04.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 2.20%. Smurfit Westrock’s payout ratio is 672.26%.

Wall Street Analysts Forecast Growth

SW has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Citigroup assumed coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price objective for the company. Morgan Stanley upped their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Wells Fargo & Company cut their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. upped 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.57.

Smurfit Westrock 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.