WestRock Co (WRK) EVP Jennifer Graham-Johnson Sells 7,700 Shares of Stock
WestRock Co (NYSE:WRK) EVP Jennifer Graham-Johnson sold 7,700 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $59.23, for a total transaction of $456,071.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Jennifer Graham-Johnson also recently made the following trade(s):
- On Monday, September 11th, Jennifer Graham-Johnson sold 3,806 shares of WestRock stock. The shares were sold at an average price of $57.08, for a total transaction of $217,246.48.
Shares of WestRock Co (WRK) traded down $0.04 on Friday, hitting $62.40. 2,290,000 shares of the company’s stock traded hands, compared to its average volume of 1,530,000. WestRock Co has a one year low of $49.23 and a one year high of $62.61. The firm has a market capitalization of $15,890.00 and a PE ratio of 23.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.89 and a current ratio of 1.49.
WestRock (NYSE:WRK) last posted its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.13 billion. WestRock had a net margin of 4.77% and a return on equity of 6.73%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. sell-side analysts forecast that WestRock Co will post 3.74 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a dividend of $0.43 per share. This is a boost from WestRock’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, November 9th. WestRock’s dividend payout ratio (DPR) is currently 62.09%.
Several equities analysts have commented on the stock. Stephens assumed coverage on shares of WestRock in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 price objective on the stock. KeyCorp reaffirmed a “hold” rating on shares of WestRock in a research note on Wednesday, October 11th. Barclays lifted their price objective on shares of WestRock from $54.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. BidaskClub raised shares of WestRock from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research cut shares of WestRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $65.09.
Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in WestRock by 146.2% in the second quarter. Russell Investments Group Ltd. now owns 485,528 shares of the basic materials company’s stock valued at $27,521,000 after acquiring an additional 288,325 shares during the last quarter. ING Groep NV lifted its stake in WestRock by 0.9% in the second quarter. ING Groep NV now owns 10,112 shares of the basic materials company’s stock valued at $573,000 after acquiring an additional 93 shares during the last quarter. Parkwood LLC acquired a new stake in WestRock in the second quarter valued at approximately $326,000. Strs Ohio lifted its stake in WestRock by 36.9% in the second quarter. Strs Ohio now owns 18,080 shares of the basic materials company’s stock valued at $1,024,000 after acquiring an additional 4,874 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in WestRock by 33.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,948 shares of the basic materials company’s stock valued at $960,000 after acquiring an additional 4,240 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.
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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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