Independent Advisor Alliance Buys Shares of 6,091 Smurfit Westrock Ltd (NYSE:SW)

Independent Advisor Alliance purchased a new stake in Smurfit Westrock Ltd (NYSE:SW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,091 shares of the company’s stock, valued at approximately $301,000.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SW shares. Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Morgan Stanley boosted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report 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. 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 on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock opened at $54.76 on Friday. The company has a 50-day moving average price of $49.33. Smurfit Westrock Ltd has a one year low of $38.55 and a one year high of $56.99. 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 market cap of $28.48 billion, a price-to-earnings ratio of 304.22 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s payout ratio is 672.22%.

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.