Exxonmobil Investment Management Inc. TX Has $2.56 Million Position in WestRock Co (WRK)

Exxonmobil Investment Management Inc. TX reduced its stake in WestRock Co (NYSE:WRK) by 12.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,485 shares of the basic materials company’s stock after selling 5,899 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in WestRock were worth $2,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norinchukin Bank The lifted its holdings in shares of WestRock by 0.3% during the second quarter. Norinchukin Bank The now owns 20,926 shares of the basic materials company’s stock worth $1,186,000 after buying an additional 54 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of WestRock by 1.8% during the second quarter. Van ECK Associates Corp now owns 6,139 shares of the basic materials company’s stock worth $348,000 after buying an additional 108 shares during the last quarter. ETRADE Capital Management LLC lifted its holdings in shares of WestRock by 4.7% during the second quarter. ETRADE Capital Management LLC now owns 5,001 shares of the basic materials company’s stock worth $283,000 after buying an additional 224 shares during the last quarter. Sentry Investment Management LLC lifted its holdings in shares of WestRock by 3.1% during the second quarter. Sentry Investment Management LLC now owns 14,661 shares of the basic materials company’s stock worth $831,000 after buying an additional 442 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of WestRock by 3.9% during the second quarter. Neuberger Berman Group LLC now owns 12,515 shares of the basic materials company’s stock worth $709,000 after buying an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

In other news, insider Robert A. Feeser sold 29,972 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $60.00, for a total transaction of $1,798,320.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $60.74, for a total value of $628,233.82. Following the sale, the director now owns 497,557 shares in the company, valued at $30,221,612.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,445 shares of company stock worth $9,187,097. 2.68% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on the company. Stephens assumed coverage on WestRock in a report on Tuesday, October 24th. They set an “equal weight” rating and a $61.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of WestRock in a report on Wednesday, October 11th. Barclays reiterated a “hold” rating on shares of WestRock in a report on Friday, November 10th. BMO Capital Markets upped their price target on WestRock to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $65.00 price target on shares of WestRock in a report on Monday, September 25th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. WestRock has an average rating of “Buy” and a consensus price target of $67.09.

Shares of WestRock Co (WRK) opened at $69.20 on Friday. The stock has a market capitalization of $17,630.00 and a P/E ratio of 24.98. 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 1 year low of $49.23 and a 1 year high of $69.29.

WestRock (NYSE:WRK) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $4.06 billion for 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%. WestRock’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. analysts predict that WestRock Co will post 3.79 EPS for the current year.

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WestRock 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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