Smurfit Westrock Ltd (NYSE:SW) Plans Dividend Increase – $0.43 Per Share

Smurfit Westrock Ltd (NYSE:SW) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.4308 per share on Tuesday, March 18th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, February 14th. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30.

Smurfit Westrock Stock Performance

SW stock opened at $53.51 on Wednesday. The stock has a market capitalization of $27.85 billion, a PE ratio of 297.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The company has a 50 day moving average price of $53.67 and a 200 day moving average price of $49.52. Smurfit Westrock has a fifty-two week low of $38.55 and a fifty-two week high of $56.99.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SW shares. Citigroup upped their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Truist Financial initiated coverage on Smurfit Westrock in a report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price objective for the company. 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. Argus started coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

Insider Buying and Selling

In other news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock 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 transaction, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by 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.