TD Private Client Wealth LLC Has $963,000 Position in Smurfit Westrock Ltd (NYSE:SW)

TD Private Client Wealth LLC increased its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 142.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,885 shares of the company’s stock after purchasing an additional 10,504 shares during the quarter. TD Private Client Wealth LLC’s holdings in Smurfit Westrock were worth $963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new position in Smurfit Westrock in the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after acquiring an additional 279 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new position in shares of Smurfit Westrock during the fourth quarter worth $30,000. Finally, Spire Wealth Management bought a new stake in shares of Smurfit Westrock in the fourth quarter worth $36,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 3.3 %

Shares of NYSE:SW opened at $44.21 on Monday. The firm has a market cap of $23.08 billion, a P/E ratio of 80.39 and a beta of 0.99. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. The business’s 50 day simple moving average is $51.26 and its two-hundred day simple moving average is $50.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. As a group, research analysts forecast that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were given a dividend of $0.4308 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 3.90%. Smurfit Westrock’s payout ratio is presently 312.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SW shares. Argus started coverage on Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target for the company. Truist Financial started coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 target price for the company. Citigroup boosted their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Barclays lifted their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus price target of $60.70.

Insider Buying and Selling

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the transaction, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. This trade represents a 8.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ken Bowles sold 24,225 shares of Smurfit Westrock stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the transaction, the insider now directly owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

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.