WestRock Co. (NYSE:WRK) declared a quarterly dividend on Monday, November 7th. Stockholders of record on Monday, November 21st will be given a dividend of 0.40 per share on Wednesday, November 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, November 17th. This is a boost from WestRock’s previous quarterly dividend of $0.38.

WestRock (NYSE:WRK) opened at 47.95 on Friday. The stock’s 50 day moving average is $46.93 and its 200-day moving average is $43.46. WestRock has a 52-week low of $29.73 and a 52-week high of $52.62. The company’s market cap is $11.93 billion.

WestRock (NYSE:WRK) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. The business earned $3.61 billion during the quarter, compared to the consensus estimate of $2.54 billion. WestRock had a negative net margin of 2.72% and a positive return on equity of 6.41%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. Equities research analysts predict that WestRock will post $2.99 EPS for the current fiscal year.

Dividend History for WestRock (NYSE:WRK)

In related news, Director John A. Luke, Jr. sold 188,103 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $46.62, for a total transaction of $8,769,361.86. Following the sale, the director now owns 837,343 shares of the company’s stock, valued at $39,036,930.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.41% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its stake in WestRock by 2.9% in the second quarter. Cubist Systematic Strategies LLC now owns 5,841 shares of the company’s stock valued at $227,000 after buying an additional 162 shares during the last quarter. Advisor Partners LLC raised its stake in WestRock by 13.0% in the second quarter. Advisor Partners LLC now owns 5,868 shares of the company’s stock valued at $228,000 after buying an additional 674 shares during the last quarter. Advisor Group Inc. acquired a new stake in WestRock during the second quarter valued at approximately $239,000. Van ECK Associates Corp raised its stake in WestRock by 13.2% in the second quarter. Van ECK Associates Corp now owns 6,785 shares of the company’s stock valued at $264,000 after buying an additional 790 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in WestRock by 42.5% in the second quarter. Profund Advisors LLC now owns 7,420 shares of the company’s stock valued at $288,000 after buying an additional 2,214 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

WRK has been the subject of several recent research reports. Credit Suisse Group AG reissued a “buy” rating and issued a $56.00 price target on shares of WestRock in a research note on Monday, November 7th. Deutsche Bank AG boosted their price target on shares of WestRock from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Jefferies Group boosted their price target on shares of WestRock from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Citigroup Inc. boosted their price target on shares of WestRock from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $52.00 price target on shares of WestRock in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. WestRock has a consensus rating of “Hold” and an average price target of $52.89.

WestRock Company Profile

Westrock Company is a provider of packaging solutions and manufactures containerboard and paperboard. The Company’s operating segments include Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development. The Company operates in North America, South America, Europe and Asia.

5 Day Chart for NYSE:WRK

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