Kanawha Capital Management LLC Sells 329 Shares of Westrock Company (NYSE:WRK)

Investec Asset Management Ltd decreased its ownership in Westrock Company by 8,869 shares as reported in a filing on 08/11/2017.

A number of hedge funds have recently added to or reduced their stakes in the company. Capstone Asset Management Co.'s holdings in Westrock were worth $1,678,000 at the end of the most recent quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Westrock by 2.9% in the first quarter. Ronna Sue Cohen raised its position in shares of Westrock by 0.3% in the second quarter. Franklin Resources Inc claims 3,487,774 shares worth $197,616,000. LLC boosted its position in shares of Westrock by 36.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,039 shares of the basic materials company's stock worth $106,000 after buying an additional 294 shares during the period. Pacer Advisors Inc. boosted its position in shares of Westrock by 3.4% in the first quarter. In the last earnings report the EPS was $1.65 and is projected to be $2.62 for the current year with 255,300,000 shares now outstanding. Searle & CO. acquired a new stake in shares of Westrock during the fourth quarter valued at about $235,000. Parametric Portfolio Associates LLC now owns 734,862 shares of the basic materials company's stock worth $41,637,000 after buying an additional 177,003 shares during the period.

Shares of Westrock (WRK) opened at 55.61 on Tuesday. Westrock Company has a 52 week low of $43.57 and a 52 week high of $60.36. The company has a market capitalization of $13.95 billion, a P/E ratio of 33.74 and a beta of 1.37. The stock has a 50-day moving average of $57.65 and a 200-day moving average of $54.55.

Westrock (NYSE:WRK) last posted its earnings results on Thursday, August 3rd. The dividend will be $0.400 per share for the quarter which is $1.60 annualized. Westrock had a net margin of 2.92% and a return on equity of 6.38%. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.66 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The company's quarterly revenue was up 2.8% compared to the same quarter past year. On average, equities research analysts expect that Westrock Company will post $2.62 earnings per share for the current fiscal year. Additionally the company announced a dividend for shareholders that will be paid on Monday the 21st of August 2017. Investors of record on Friday, August 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, August 9th. Westrock's dividend payout ratio (DPR) is presently 97.56%.

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Several research analysts have commented on WRK shares. Jefferies Group LLC reaffirmed a "buy" rating and issued a $69.00 price target on shares of Westrock in a research note on Friday, August 4th. On July 18 Barclays left the stock rating at "Equal-Weight" but raised the price expectation from $50.00 to $54.00. Barclays PLC lifted their price objective on shares of Westrock from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, May 1st. BidaskClub downgraded Westrock from a "hold" rating to a "sell" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $61.91.

In other news, Director John A. Luke, Jr. sold 10,343 shares of the firm's stock in a transaction on Monday, July 17th. Following the transaction, the director now owns 497,557 shares in the company, valued at approximately $28,440,358.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 31,029 shares of company stock worth $1,812,094. FMR LLC now owns 19,597,012 shares of the basic materials company's stock worth $1,019,633,000 after buying an additional 772,990 shares during the period.

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