After grabbing 6.48 million shares, the institutional investor is now in possession of 6.48 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.53% having worth around $232.96 million. Moreover, Geode Capital Management LLC increased its share by 0.11 million to have a control over 5.72 million shares.
WestRock Co (WRK) concluded trading on 12/06/23 at a closing price of $40.75, with 3.37 million shares of worth about $137.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.13% during that period and on Wednesday the price saw a gain of about 0.74%. Currently the company’s common shares owned by public are about 256.40M shares, out of which, 252.80M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the WRK stock and their offered price forecasts bring an average price target of $41.20. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $45.00 and could fall to a lowest price of $37.90. The stock’s current price level is 1.09% above of average price target set by the analysts, while a rise to estimated low would result in loss of -7.52% for the stock. However, touching the estimated high of $45.00 would mean a gain of 9.44% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 48 times over the past 12 months. They bought 252,315 shares in 25 of the transactions. In 23 selling transactions, insiders dumped 380,946 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in WestRock Co Vanguard Total Stock Market ETF is currently holding 8.04 million shares of worth totaling $288.95 million. The company recently came buying 79071.0 shares which brought its stake up to 3.14% of the company’s outstanding shares. Vanguard Small Cap Index Fund bought 13210.0 shares, after which its hold over company’s outstanding shares expand to 2.58%, leaving 6.61 million shares with the mutual fund that have a worth of about $237.5 million. Vanguard 500 Index Fund, after buying 6.19 million shares, have now control over 2.41% of the stake in the company. It holds 27183.0 shares of worth $222.29 million.
WestRock Co (NYSE: WRK) started trading at $40.81, above $0.36 from concluding price of the previous day. However, the stock later moved at a day high price of 41.07, or with a gain of 0.74%. Stock saw a price change of 1.62% in past 5 days and over the past one month there was a price change of 7.72%. Year-to-date (YTD), WRK shares are showing a performance of 15.90% which increased to 11.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.84 but also hit the highest price of $42.46 during that period. The average intraday trading volume for WestRock Co shares is 3.30 million. The stock is currently trading 5.75% above its 20-day simple moving average (SMA20), while that difference is up 9.97% for SMA50 and it goes to 26.46% higher than SMA200.
Pictet Asset Management SA acquired 6.48 million shares of WestRock Co having value of about $232.96 million. WestRock Co (NYSE: WRK) currently have 256.40M outstanding shares and institutions hold larger chunk of about 86.71% of that. Holding of mutual funds in the company is about 40.00% while other institutional holders and individual stake holders have control over 47.07% and 1.99% of the stake respectively.
The stock has a current market capitalization of $10.45B and its 3Y-monthly beta is at 1.07. It has posted earnings per share of -$6.46 in the same period. It has Quick Ratio of 0.95 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WRK, volatility over the week remained 1.83% while standing at 1.92% over the month.
Analysts are in expectations that WestRock Co (WRK) stock would likely to be making an EPS of $0.36 in the current quarter, while forecast for next quarter EPS is $0.55 and it is $3.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.3 which is $0.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.55 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -22.00% while it is estimated to increase by 35.06% in next year.
Analysts at 10 brokerage firms have issued recommendations for the WestRock Co (WRK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 10 Wall Street analysts, 4 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
