GC Wealth Management RIA LLC Acquires 2,000 Shares of Smurfit Westrock Ltd (NYSE:SW)

GC Wealth Management RIA LLC lifted its holdings in Smurfit Westrock Ltd (NYSE:SW) by 19.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,519 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Smurfit Westrock were worth $674,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SW. Retirement Wealth Solutions LLC purchased a new position in shares of Smurfit Westrock in the fourth quarter worth $25,000. Versant Capital Management Inc purchased a new position in shares of Smurfit Westrock in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the period. Deseret Mutual Benefit Administrators purchased a new position in shares of Smurfit Westrock in the fourth quarter worth $30,000. Finally, Spire Wealth Management purchased a new position in shares of Smurfit Westrock in the fourth quarter worth $36,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Up 1.0 %

NYSE:SW opened at $43.62 on Wednesday. The firm’s 50-day moving average price is $52.51 and its 200-day moving average price is $50.76. The company has a market capitalization of $22.70 billion, a PE ratio of 79.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. Smurfit Westrock Ltd has a 1-year low of $38.55 and a 1-year high of $56.99.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. On average, equities analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a $0.4308 dividend. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a yield of 3.95%. Smurfit Westrock’s payout ratio is presently 312.73%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a research note on Friday, November 15th. Citigroup lifted their target price on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price on the stock. Truist Financial assumed coverage on shares of Smurfit Westrock in a research report on Tuesday, January 21st. They set a “buy” rating and a $62.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

Insider Buying and Selling

In related news, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were 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 $6,136,877.48. The trade was a 17.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the transaction, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

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.