Smurfit Westrock Ltd (NYSE:SW) Insider Sells $1,371,000.00 in Stock

Smurfit Westrock Ltd (NYSE:SW) insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Smurfit Westrock Stock Up 0.4 %

NYSE SW opened at $54.77 on Friday. The company has a market capitalization of $28.49 billion, a price-to-earnings ratio of 304.28 and a beta of 1.04. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $50.04. Smurfit Westrock Ltd has a 12-month low of $38.55 and a 12-month high of $56.99.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be issued 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 yield of 2.21%. Smurfit Westrock’s payout ratio is 672.22%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SW shares. Argus assumed coverage on Smurfit Westrock in a research note on Thursday. They issued a “buy” rating and a $62.00 price objective for the company. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target for the company. Wells Fargo & Company decreased 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 report on Monday, October 7th. Citigroup assumed coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Hedge Funds Weigh In On Smurfit Westrock

A number of large investors have recently made changes to their positions in the stock. Mather Group LLC. bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $25,000. CVA Family Office LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at about $26,000. ORG Wealth Partners LLC bought a new stake in shares of Smurfit Westrock during the third quarter valued at about $32,000. Waldron Private Wealth LLC purchased a new stake in shares of Smurfit Westrock in the third quarter worth about $35,000. Finally, Cromwell Holdings LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at approximately $42,000. 83.38% of the stock is owned by institutional investors.

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.