Great West Life Assurance Co. Can lowered its position in WestRock Co (NYSE:WRK) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 185,907 shares of the basic materials company’s stock after selling 4,805 shares during the quarter. Great West Life Assurance Co. Can owned about 0.07% of WestRock worth $10,538,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WRK. Mckinley Capital Management LLC Delaware purchased a new stake in WestRock in the 2nd quarter worth about $100,000. Sun Life Financial INC increased its holdings in WestRock by 26,114.3% in the 2nd quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 1,828 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in WestRock in the 3rd quarter worth about $130,000. Northwestern Mutual Wealth Management Co. increased its holdings in WestRock by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 509 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in WestRock in the 3rd quarter worth about $147,000. 87.95% of the stock is owned by institutional investors.
Several brokerages recently weighed in on WRK. Barclays reissued a “hold” rating on shares of WestRock in a report on Friday, November 10th. Zacks Investment Research downgraded WestRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. DA Davidson restated a “buy” rating and issued a $74.00 target price on shares of WestRock in a research note on Friday, November 3rd. Stephens assumed coverage on WestRock in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 target price for the company. Finally, KeyCorp restated a “hold” rating on shares of WestRock in a research note on Wednesday, October 11th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.09.
Shares of WestRock Co (WRK) traded up $1.07 during midday trading on Tuesday, reaching $63.47. The company’s stock had a trading volume of 1,747,800 shares, compared to its average volume of 1,447,774. WestRock Co has a fifty-two week low of $49.23 and a fifty-two week high of $63.63. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 0.57. The company has a market cap of $16,090.00 and a P/E ratio of 23.82.
WestRock (NYSE:WRK) last issued its earnings results on Thursday, November 2nd. The basic materials company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.13 billion. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. equities research analysts predict that WestRock Co will post 3.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Thursday, November 9th. This is an increase from WestRock’s previous quarterly dividend of $0.40. WestRock’s dividend payout ratio (DPR) is 62.09%.
In other news, insider Jeffrey Wayne Chalovich sold 18,368 shares of WestRock stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $58.41, for a total transaction of $1,072,874.88. Following the completion of the sale, the insider now owns 24,859 shares in the company, valued at approximately $1,452,014.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert A. Feeser sold 29,972 shares of WestRock stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.00, for a total value of $1,798,320.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 183,962 shares of company stock valued at $10,843,671. Corporate insiders own 2.68% of the company’s stock.
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WestRock Company Profile
WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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