Smurfit Westrock Ltd (NYSE:SW - Get Free Report) insider Saverio Mayer sold 25,000 shares of the 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 approximately $8,221,119.24. This represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Smurfit Westrock Price Performance
Shares of NYSE:SW opened at $54.57 on Thursday. The firm has a market cap of $28.39 billion, a P/E ratio of 303.18 and a beta of 1.04. The company has a 50 day moving average price of $49.93. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given a $0.3025 dividend. 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 2.22%. Smurfit Westrock's dividend payout ratio is 672.26%.
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A number of equities research analysts have commented on the stock. 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 report on Thursday, November 14th. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They issued a "buy" rating and a $60.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $58.00 target price on shares of Smurfit Westrock in a research note on Friday, November 15th. Citigroup began 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, JPMorgan Chase & Co. raised their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.57.
Read Our Latest Stock Analysis on SW
Institutional Trading of Smurfit Westrock
A number of hedge funds have recently modified their holdings of SW. Mather Group LLC. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $32,000. Waldron Private Wealth LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $35,000. Finally, Cromwell Holdings LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $42,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.
Smurfit Westrock Company Profile
(
Get Free Report)
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.
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