Citizens Financial Group Inc. RI Acquires Shares of 10,517 Smurfit Westrock Ltd (NYSE:SW)

Citizens Financial Group Inc. RI bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,517 shares of the company’s stock, valued at approximately $520,000.

A number of other large investors also recently modified their holdings of SW. Mather Group LLC. bought a new position in Smurfit Westrock in the third quarter valued at about $25,000. CVA Family Office LLC acquired a new position in Smurfit Westrock during the 3rd quarter valued at about $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $32,000. Waldron Private Wealth LLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth approximately $35,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Smurfit Westrock during the third quarter worth approximately $42,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

NYSE SW opened at $56.64 on Friday. Smurfit Westrock Ltd has a one year low of $38.55 and a one year 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. The firm has a market capitalization of $29.46 billion, a price-to-earnings ratio of 314.67 and a beta of 1.04. The stock’s 50-day simple moving average is $48.72.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s payout ratio is currently 672.22%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Wells Fargo & Company decreased their price objective on 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. JPMorgan Chase & Co. cut their target price on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Finally, Citigroup assumed coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.00.

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.