WestRock Co (WRK) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in WestRock Co (NYSE:WRK) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 509,880 shares of the basic materials company’s stock after selling 7,435 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of WestRock worth $28,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eqis Capital Management Inc. lifted its holdings in WestRock by 9.9% in the 3rd quarter. Eqis Capital Management Inc. now owns 11,786 shares of the basic materials company’s stock worth $669,000 after buying an additional 1,058 shares during the period. Stephens Inc. AR purchased a new stake in WestRock in the 3rd quarter worth approximately $442,000. BlackRock Inc. lifted its holdings in WestRock by 0.8% in the 2nd quarter. BlackRock Inc. now owns 22,598,192 shares of the basic materials company’s stock worth $1,280,411,000 after buying an additional 180,112 shares during the period. Thrivent Financial For Lutherans lifted its holdings in WestRock by 48.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,328,089 shares of the basic materials company’s stock worth $75,250,000 after buying an additional 434,790 shares during the period. Finally, Aviva PLC lifted its holdings in WestRock by 0.4% in the 2nd quarter. Aviva PLC now owns 156,270 shares of the basic materials company’s stock worth $8,856,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

WRK has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $74.00 price objective on shares of WestRock in a report on Friday, November 3rd. BidaskClub cut WestRock from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Deutsche Bank reiterated a “buy” rating and issued a $65.00 price objective (up previously from $61.00) on shares of WestRock in a report on Monday, October 9th. Zacks Investment Research cut WestRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price objective on shares of WestRock in a report on Monday, September 25th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.09.

In other WestRock news, EVP Jennifer Graham-Johnson sold 7,700 shares of WestRock stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total transaction of $456,071.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Luke, Jr. sold 10,343 shares of WestRock stock in a transaction on Monday, December 4th. The shares were sold at an average price of $62.97, for a total value of $651,298.71. Following the transaction, the director now owns 497,557 shares of the company’s stock, valued at approximately $31,331,164.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,962 shares of company stock valued at $10,843,671. 2.68% of the stock is currently owned by company insiders.

WestRock Co (NYSE WRK) traded down $0.16 on Wednesday, hitting $63.31. The stock had a trading volume of 1,675,400 shares, compared to its average volume of 1,448,747. The stock has a market cap of $16,160.38, a PE ratio of 24.23, a PEG ratio of 1.46 and a beta of 1.37. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 0.57. WestRock Co has a 52 week low of $49.23 and a 52 week high of $63.63.

WestRock (NYSE:WRK) last released its earnings results on Thursday, November 2nd. The basic materials company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.06. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.13 billion. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. sell-side analysts predict that WestRock Co will post 3.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, November 9th. This is a boost from WestRock’s previous quarterly dividend of $0.40. WestRock’s dividend payout ratio (DPR) is presently 62.09%.

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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.

Institutional Ownership by Quarter for WestRock (NYSE:WRK)

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