Executive Wealth Management LLC Makes New Investment in WestRock (NYSE:WRK)

Executive Wealth Management LLC acquired a new position in shares of WestRock (NYSE:WRK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,000 shares of the basic materials company's stock, valued at approximately $274,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in WestRock during the 1st quarter worth $29,000. Gyon Technologies Capital Management LP acquired a new position in shares of WestRock in the 4th quarter valued at about $31,000. Global Retirement Partners LLC boosted its holdings in shares of WestRock by 203.8% in the 1st quarter. Global Retirement Partners LLC now owns 1,118 shares of the basic materials company's stock valued at $32,000 after buying an additional 750 shares during the period. Cornerstone Management Inc. boosted its holdings in shares of WestRock by 75.0% in the 1st quarter. Cornerstone Management Inc. now owns 1,050 shares of the basic materials company's stock valued at $32,000 after buying an additional 450 shares during the period. Finally, Tilia Fiduciary Partners Inc. boosted its holdings in shares of WestRock by 800.0% in the 1st quarter. Tilia Fiduciary Partners Inc. now owns 1,251 shares of the basic materials company's stock valued at $38,000 after buying an additional 1,112 shares during the period. 85.51% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on WRK shares. Royal Bank of Canada lifted their price target on shares of WestRock from $33.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, August 4th. UBS Group decreased their price target on shares of WestRock from $42.00 to $37.00 in a report on Friday, June 30th. Wells Fargo & Company lifted their price objective on shares of WestRock from $37.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, August 4th. StockNews.com began coverage on shares of WestRock in a research report on Thursday, August 17th. They issued a "hold" rating on the stock. Finally, Truist Financial lifted their price objective on shares of WestRock from $29.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $35.78.

Read Our Latest Research Report on WRK

Shares of WRK stock traded down $0.08 during midday trading on Wednesday, reaching $32.68. 179,432 shares of the company were exchanged, compared to its average volume of 2,377,416. WestRock has a 12 month low of $26.84 and a 12 month high of $42.00. The company's 50 day moving average price is $31.08 and its two-hundred day moving average price is $30.17. The company has a quick ratio of 0.98, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

WestRock (NYSE:WRK - Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.39. The company had revenue of $5.12 billion for the quarter, compared to analysts' expectations of $5.16 billion. WestRock had a negative net margin of 6.82% and a positive return on equity of 8.75%. The business's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. As a group, analysts forecast that WestRock will post 2.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a $0.275 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.10 annualized dividend and a dividend yield of 3.37%. WestRock's dividend payout ratio is currently -19.86%.

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates in 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.

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