WestRock Co. (NYSE:WRK) Director G Stephen Felker sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $50.00, for a total value of $500,000.00. Following the completion of the transaction, the director now owns 73,420 shares of the company’s stock, valued at approximately $3,671,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of WestRock Co. (NYSE:WRK) opened at 50.46 on Tuesday. The firm has a 50 day moving average price of $47.27 and a 200 day moving average price of $43.89. WestRock Co. has a 12-month low of $29.73 and a 12-month high of $52.62. The stock’s market cap is $12.71 billion.

WestRock (NYSE:WRK) last posted its earnings results on Monday, November 7th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.54 billion. WestRock had a positive return on equity of 6.41% and a negative net margin of 2.72%. 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 business earned $0.93 earnings per share. On average, equities analysts expect that WestRock Co. will post $2.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 21st will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, November 17th. This is an increase from WestRock’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.17%. WestRock’s dividend payout ratio is -103.23%.

Large investors have recently modified their holdings of the stock. Kennedy Capital Management Inc. increased its stake in shares of WestRock by 4.3% in the first quarter. Kennedy Capital Management Inc. now owns 50,691 shares of the company’s stock worth $1,978,000 after buying an additional 2,106 shares during the period. National Pension Service increased its stake in shares of WestRock by 4.4% in the first quarter. National Pension Service now owns 160,199 shares of the company’s stock worth $6,253,000 after buying an additional 6,807 shares during the period. Legal & General Group Plc increased its stake in shares of WestRock by 1.6% in the first quarter. Legal & General Group Plc now owns 1,112,234 shares of the company’s stock worth $43,406,000 after buying an additional 17,865 shares during the period. Silvercrest Asset Management Group LLC increased its stake in shares of WestRock by 919.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 48,798 shares of the company’s stock worth $1,905,000 after buying an additional 44,010 shares during the period. Finally, A.R.T. Advisors LLC bought a new stake in shares of WestRock during the first quarter worth about $988,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

Several research analysts have recently weighed in on WRK shares. Citigroup Inc. increased their price target on WestRock from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Bank of America Corp. reiterated a “hold” rating and set a $45.00 price target on shares of WestRock in a research note on Friday, August 5th. Jefferies Group increased their price target on WestRock from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Credit Suisse Group AG set a $50.00 price target on WestRock and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG increased their price target on WestRock from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.89.

About WestRock

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

Receive News & Stock Ratings for WestRock Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock Co. and related stocks with our FREE daily email newsletter.