Kwmg LLC Sells 1,966 Shares of Smurfit Westrock Ltd (NYSE:SW)

Kwmg LLC reduced its position in shares of Smurfit Westrock Ltd (NYSE:SW) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,410 shares of the company’s stock after selling 1,966 shares during the quarter. Kwmg LLC’s holdings in Smurfit Westrock were worth $6,970,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Smurfit Westrock Stock Performance

NYSE SW traded up $0.35 on Monday, reaching $52.12. 1,154,502 shares of the company’s stock traded hands, compared to its average volume of 2,525,998. The business has a 50 day moving average of $53.55. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 289.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock’s dividend payout ratio is currently 672.22%.

Wall Street Analyst Weigh In

Several research firms recently commented on SW. Wells Fargo & Company reduced their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Citigroup upped their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Argus initiated coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price 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 research note on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

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.