15,506 Shares in Smurfit Westrock Ltd (NYSE:SW) Purchased by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC acquired a new position in Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 15,506 shares of the company’s stock, valued at approximately $766,000.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Smurfit Westrock in the third quarter valued at about $25,000. CVA Family Office LLC bought a new position in Smurfit Westrock in the third quarter valued at approximately $26,000. ORG Wealth Partners LLC acquired a new position in Smurfit Westrock during the third quarter valued at approximately $32,000. Waldron Private Wealth LLC bought a new stake in Smurfit Westrock during the third quarter worth $35,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $42,000. Institutional investors own 83.38% of the company’s stock.

Analyst Ratings Changes

SW has been the subject of a number of research analyst reports. Redburn Atlantic began coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company reduced their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Finally, 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 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock has an average rating of “Moderate Buy” and a consensus price target of $58.57.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $55.01 on Friday. The firm has a 50 day simple moving average of $49.48. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The company has a market cap of $28.61 billion, a price-to-earnings ratio of 305.63 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s payout ratio is currently 672.26%.

Smurfit Westrock 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.