Zeke Capital Advisors LLC lifted its holdings in shares of WestRock Co (NYSE:WRK) by 37.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,254 shares of the basic materials company’s stock after purchasing an additional 1,691 shares during the period. Zeke Capital Advisors LLC’s holdings in WestRock were worth $395,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Alpha Omega Wealth Management LLC increased its stake in shares of WestRock by 1.6% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 56,853 shares of the basic materials company’s stock worth $3,594,000 after purchasing an additional 911 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in WestRock by 1.1% during the third quarter. Salem Investment Counselors Inc. now owns 87,746 shares of the basic materials company’s stock worth $5,088,000 after acquiring an additional 953 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in WestRock by 21.8% during the fourth quarter. First Allied Advisory Services Inc. now owns 5,484 shares of the basic materials company’s stock worth $345,000 after acquiring an additional 983 shares during the last quarter. AMP Capital Investors Ltd boosted its position in WestRock by 1.1% during the fourth quarter. AMP Capital Investors Ltd now owns 98,042 shares of the basic materials company’s stock worth $6,197,000 after acquiring an additional 1,066 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its position in WestRock by 4.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 24,435 shares of the basic materials company’s stock worth $1,545,000 after acquiring an additional 1,100 shares during the last quarter. 88.26% of the stock is owned by institutional investors and hedge funds.
Shares of WestRock stock traded down $0.36 on Monday, hitting $66.01. 60,974 shares of the company’s stock were exchanged, compared to its average volume of 1,898,458. The firm has a market cap of $16,932.79, a price-to-earnings ratio of 9.72, a PEG ratio of 1.30 and a beta of 1.37. WestRock Co has a 52 week low of $49.23 and a 52 week high of $71.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.28.
WestRock (NYSE:WRK) last announced its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.95 billion. WestRock had a net margin of 11.51% and a return on equity of 7.45%. WestRock’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. equities research analysts anticipate that WestRock Co will post 3.99 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 16th were issued a $0.43 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.61%. WestRock’s dividend payout ratio (DPR) is presently 25.18%.
WRK has been the topic of a number of analyst reports. Deutsche Bank set a $70.00 target price on shares of WestRock and gave the stock a “buy” rating in a research report on Thursday, December 14th. Stephens set a $74.00 target price on shares of WestRock and gave the stock a “hold” rating in a research report on Monday, January 29th. BMO Capital Markets raised their target price on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Citigroup raised their target price on shares of WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of WestRock from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Saturday, February 3rd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. WestRock currently has a consensus rating of “Buy” and an average target price of $74.25.
In other WestRock news, Director John A. Luke, Jr. sold 10,343 shares of WestRock stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $63.85, for a total value of $660,400.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John A. Luke, Jr. sold 124,621 shares of WestRock stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $65.34, for a total transaction of $8,142,736.14. Following the completion of the transaction, the director now owns 547,443 shares in the company, valued at approximately $35,769,925.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 464,992 shares of company stock worth $30,625,178. 2.20% of the stock is owned by company insiders.
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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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