Insider Selling: Smurfit Westrock Ltd (NYSE:SW) Insider Sells 25,000 Shares of Stock

Smurfit Westrock Ltd (NYSE:SW) insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Smurfit Westrock Stock Down 0.9 %

SW traded down $0.49 during trading on Wednesday, reaching $54.73. The company had a trading volume of 833,848 shares, compared to its average volume of 5,048,699. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $49.80. Smurfit Westrock Ltd has a 52 week low of $38.55 and a 52 week high of $56.99. The company has a market capitalization of $28.47 billion, a PE ratio of 306.74 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.21%. Smurfit Westrock’s dividend payout ratio is currently 672.26%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SW shares. Citigroup started coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target for the company. JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, Morgan Stanley increased their target price on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.57.

Hedge Funds Weigh In On Smurfit Westrock

Several institutional investors and hedge funds have recently added to or reduced their stakes in SW. Mather Group LLC. acquired a new stake in Smurfit Westrock in the third quarter worth about $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth about $26,000. ORG Wealth Partners LLC purchased a new position in Smurfit Westrock during the third quarter valued at approximately $32,000. Waldron Private Wealth LLC purchased a new position in Smurfit Westrock during the third quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC purchased a new position in Smurfit Westrock during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

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.