BNP Paribas Financial Markets Acquires New Position in Smurfit Westrock Ltd (NYSE:SW)

BNP Paribas Financial Markets acquired a new stake 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 Securities & Exchange Commission. The institutional investor acquired 678,668 shares of the company’s stock, valued at approximately $33,540,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. purchased a new position in Smurfit Westrock during the third quarter worth approximately $25,000. CVA Family Office LLC purchased a new position in Smurfit Westrock during the third quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new position in Smurfit Westrock during the third quarter worth approximately $32,000. Waldron Private Wealth LLC purchased a new position in Smurfit Westrock during the third quarter worth approximately $35,000. Finally, Cromwell Holdings LLC purchased a new position in Smurfit Westrock during the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SW. Wells Fargo & Company dropped 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 report on Monday, October 7th. Morgan Stanley increased their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup began coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus price target of $58.57.

Smurfit Westrock Trading Up 0.5 %

SW opened at $55.01 on Friday. The company’s fifty day moving average price is $49.48. The firm has a market cap of $28.61 billion, a price-to-earnings ratio of 305.63 and a beta of 1.04. Smurfit Westrock Ltd has a twelve month low of $38.55 and a twelve month high of $56.99. 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 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 issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s payout ratio is 672.26%.

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.