Shares of WestRock Co. (NYSE:WRK) were down 2.3% during trading on Friday . The company traded as low as $44.22 and last traded at $44.23, with a volume of 513,439 shares traded. The stock had previously closed at $45.27.

A number of analysts have commented on WRK shares. Zacks Investment Research cut WestRock from a “hold” rating to a “strong sell” rating in a research report on Monday, July 4th. Citigroup Inc. upped their price target on WestRock from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Barclays PLC upped their price target on WestRock from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday. Deutsche Bank AG restated a “buy” rating and issued a $46.00 price target on shares of WestRock in a research report on Wednesday, June 15th. Finally, Dundee Securities cut WestRock from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. WestRock presently has an average rating of “Buy” and an average price target of $55.29.

The company’s 50-day moving average price is $41.18 and its 200 day moving average price is $38.43. The stock’s market capitalization is $11.39 billion.

WestRock (NYSE:WRK) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. The firm had revenue of $3.60 million for the quarter, compared to analyst estimates of $3.70 billion. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 EPS. On average, equities research analysts anticipate that WestRock Co. will post $3.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, August 12th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.37%.

Other institutional investors recently added to or reduced their stakes in the company. American International Group Inc. raised its position in WestRock by 0.4% in the fourth quarter. American International Group Inc. now owns 100,831 shares of the company’s stock worth $4,600,000 after buying an additional 401 shares during the last quarter. BlackRock Advisors LLC raised its position in WestRock by 109.9% in the fourth quarter. BlackRock Advisors LLC now owns 1,652,967 shares of the company’s stock worth $75,408,000 after buying an additional 865,613 shares during the last quarter. Employees Retirement System of Texas raised its position in WestRock by 12.2% in the fourth quarter. Employees Retirement System of Texas now owns 274,900 shares of the company’s stock worth $12,541,000 after buying an additional 30,000 shares during the last quarter. I.G. Investment Management LTD. raised its position in WestRock by 29.3% in the fourth quarter. I.G. Investment Management LTD. now owns 36,688 shares of the company’s stock worth $1,674,000 after buying an additional 8,311 shares during the last quarter. Finally, US Bancorp DE raised its position in WestRock by 45.1% in the fourth quarter. US Bancorp DE now owns 115,673 shares of the company’s stock worth $5,276,000 after buying an additional 35,948 shares during the last quarter.

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.

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