5,410 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by Commerce Bank

Commerce Bank bought a new position in shares of Smurfit Westrock Ltd (NYSE:SW) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,410 shares of the company’s stock, valued at approximately $267,000.

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

Analysts Set New Price Targets

Several research firms have commented on SW. JPMorgan Chase & Co. lowered their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Redburn Atlantic started coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They set a “buy” rating and a $60.00 price target for the company. Citigroup started coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price target for the company. Finally, Wells Fargo & Company dropped their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Smurfit Westrock Price Performance

Shares of SW opened at $54.76 on Thursday. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The firm’s 50-day moving average is $49.21. The company has a market cap of $28.48 billion, a price-to-earnings ratio of 304.24 and a beta of 1.04. 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 Announces Dividend

The business also recently disclosed 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. 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 672.26%.

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.