Axxcess Wealth Management LLC Buys Shares of 5,672 WestRock (NYSE:WRK)

Axxcess Wealth Management LLC purchased a new position in WestRock (NYSE:WRK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,672 shares of the basic materials company’s stock, valued at approximately $236,000.

A number of other large investors also recently modified their holdings of WRK. 626 Financial LLC lifted its position in WestRock by 1.4% in the 4th quarter. 626 Financial LLC now owns 18,972 shares of the basic materials company’s stock valued at $788,000 after purchasing an additional 265 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of WestRock by 2.4% during the third quarter. Van ECK Associates Corp now owns 12,143 shares of the basic materials company’s stock valued at $435,000 after buying an additional 289 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of WestRock by 59.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 862 shares of the basic materials company’s stock worth $36,000 after buying an additional 320 shares during the period. Wahed Invest LLC increased its position in WestRock by 9.0% in the 3rd quarter. Wahed Invest LLC now owns 3,973 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 327 shares during the period. Finally, Arizona State Retirement System increased its position in WestRock by 0.5% in the 3rd quarter. Arizona State Retirement System now owns 69,877 shares of the basic materials company’s stock valued at $2,502,000 after acquiring an additional 380 shares during the period. 83.38% of the stock is currently owned by institutional investors.

WestRock Trading Down 0.2 %

Shares of NYSE WRK opened at $51.71 on Friday. The business has a fifty day simple moving average of $48.29 and a 200-day simple moving average of $43.17. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 43.45, a P/E/G ratio of 4.77 and a beta of 1.10. WestRock has a 12 month low of $26.85 and a 12 month high of $52.13. The company has a quick ratio of 0.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.77.

WestRock (NYSE:WRK) last announced its earnings results on Thursday, May 2nd. The basic materials company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.75 billion. WestRock had a net margin of 1.57% and a return on equity of 5.85%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the company posted $0.77 earnings per share. Sell-side analysts predict that WestRock will post 1.93 EPS for the current year.

WestRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 14th will be given a $0.3025 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.21 annualized dividend and a dividend yield of 2.34%. WestRock’s dividend payout ratio (DPR) is presently 101.68%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Seaport Res Ptn lowered WestRock from a “buy” rating to a “neutral” rating in a report on Monday, January 29th. Wells Fargo & Company increased their price objective on shares of WestRock from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $42.00 target price on shares of WestRock in a research report on Friday, February 2nd. StockNews.com initiated coverage on WestRock in a research report on Friday. They set a “hold” rating on the stock. Finally, Argus raised their target price on WestRock from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.60.

Insider Activity

In related news, insider Vicki L. Lostetter sold 3,500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.77, for a total value of $149,695.00. Following the completion of the sale, the insider now directly owns 92,117 shares of the company’s stock, valued at approximately $3,939,844.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Denise R. Singleton sold 9,700 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $51.46, for a total transaction of $499,162.00. Following the completion of the sale, the executive vice president now directly owns 74,946 shares in the company, valued at $3,856,721.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Vicki L. Lostetter sold 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.77, for a total value of $149,695.00. Following the completion of the transaction, the insider now owns 92,117 shares in the company, valued at approximately $3,939,844.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,165 shares of company stock worth $1,007,346. 0.49% of the stock is owned by corporate insiders.

WestRock Company Profile

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.