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

TD Private Client Wealth LLC raised its holdings in Smurfit Westrock Ltd (NYSE:SW) by 142.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,885 shares of the company’s stock after buying an additional 10,504 shares during the period. TD Private Client Wealth LLC’s holdings in Smurfit Westrock were worth $963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SW. GSA Capital Partners LLP acquired a new stake in shares of Smurfit Westrock in the third quarter valued at about $215,000. Empowered Funds LLC bought a new position in Smurfit Westrock in the third quarter valued at approximately $426,000. Thrivent Financial for Lutherans acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $957,000. Caprock Group LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter worth approximately $281,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $2,134,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Performance

NYSE:SW opened at $44.21 on Monday. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $51.26 and a 200 day simple moving average of $50.66. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99. The stock has a market cap of $23.08 billion, a P/E ratio of 80.39 and a beta of 0.99.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Research analysts anticipate that Smurfit Westrock Ltd will post 3.25 earnings per share for the current 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 issued a dividend of $0.4308 per share. The ex-dividend date was Friday, February 14th. This is a boost 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 dividend payout ratio (DPR) is currently 312.73%.

Insider Activity

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

Analyst Upgrades and Downgrades

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

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.