WestRock Co. (NYSE:WRK) has been given an average recommendation of “Hold” by the fourteen research firms that are covering the company. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $54.05.

Several brokerages recently issued reports on WRK. Credit Suisse Group AG reiterated a “buy” rating and issued a $56.00 price objective on shares of WestRock in a research report on Monday, November 7th. Zacks Investment Research lowered WestRock from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Jefferies Group reiterated a “buy” rating on shares of WestRock in a research report on Monday, August 22nd. Citigroup Inc. boosted their price objective on WestRock from $52.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $52.00 price objective on shares of WestRock in a research report on Friday, August 5th.

In other news, Director John A. Luke, Jr. sold 188,103 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was 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 in the company, valued at approximately $39,036,930.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director G Stephen Felker sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $50.00, for a total value of $500,000.00. Following the sale, the director now owns 73,420 shares in the company, valued at approximately $3,671,000. The disclosure for this sale can be found here. Insiders own 2.41% of the company’s stock.

Several large investors have recently made changes to their positions in WRK. Glenmede Trust Co. NA boosted its stake in shares of WestRock by 0.4% in the second quarter. Glenmede Trust Co. NA now owns 12,825 shares of the company’s stock worth $497,000 after buying an additional 53 shares in the last quarter. Profund Advisors LLC raised its position in WestRock by 0.9% in the third quarter. Profund Advisors LLC now owns 7,484 shares of the company’s stock worth $363,000 after buying an additional 64 shares during the last quarter. Raymond James Trust N.A. raised its position in WestRock by 0.7% in the third quarter. Raymond James Trust N.A. now owns 11,330 shares of the company’s stock worth $550,000 after buying an additional 75 shares during the last quarter. Advantus Capital Management Inc raised its position in WestRock by 0.4% in the third quarter. Advantus Capital Management Inc now owns 24,591 shares of the company’s stock worth $1,192,000 after buying an additional 96 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in WestRock by 0.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,810 shares of the company’s stock worth $770,000 after buying an additional 149 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

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Shares of WestRock (NYSE:WRK) traded up 0.35% during trading on Tuesday, reaching $51.10. The company’s stock had a trading volume of 502,035 shares. The stock’s 50 day moving average price is $47.68 and its 200 day moving average price is $44.16. WestRock has a 52 week low of $29.73 and a 52 week high of $52.10. The company’s market cap is $12.69 billion.

WestRock (NYSE:WRK) last posted its earnings results on Monday, November 7th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company earned $3.61 billion during the quarter, compared to analyst estimates of $2.54 billion. WestRock had a positive return on equity of 6.41% and a negative net margin of 2.72%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 EPS. Equities research analysts predict that WestRock 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. Stockholders of record on Monday, November 21st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from WestRock’s previous quarterly dividend of $0.38. WestRock’s dividend payout ratio is currently -103.23%.

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

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