Alpha Omega Wealth Management buys $2,147,772 stake in WestRock Co (WRK)

WestRock Co (WRK) : Alpha Omega Wealth Management scooped up 5,685 additional shares in WestRock Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 52,719 shares of WestRock Co which is valued at $2,147,772.WestRock Co makes up approximately 1.79% of Alpha Omega Wealth Management’s portfolio.

WestRock Co opened for trading at $40.73 and hit $41.88 on the upside on Wednesday, eventually ending the session at $41.63, with a gain of 2.03% or 0.83 points. The heightened volatility saw the trading volume jump to 20,22,920 shares. Company has a market cap of $10,568 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in WRK during the most recent quarter. The investment firm sold 6,863 shares of WRK which is valued $279,599. Cornerstone Advisors added WRK to its portfolio by purchasing 92 company shares during the most recent quarter which is valued at $3,748.New York State Teachers Retirement System reduced its stake in WRK by selling 38,479 shares or 7.21% in the most recent quarter. The Hedge Fund company now holds 495,032 shares of WRK which is valued at $20,167,604. WestRock Co makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in WRK in the latest quarter, The investment management firm added 4,176 additional shares and now holds a total of 61,806 shares of WestRock Co which is valued at $2,386,948. WestRock Co makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio. First United Bank Trust sold out all of its stake in WRK during the most recent quarter. The investment firm sold 4,707 shares of WRK which is valued $181,784.

On the company’s financial health, WestRock Co reported $0.93 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.95. The company had revenue of $3872.60 million for the quarter, compared to analysts expectations of $4019.74 million. The company’s revenue was up 48.5% compared to the same quarter last year.

Many Wall Street Analysts have commented on WestRock Co. WestRock Co was Downgraded by Dundee to ” Neutral” on Apr 20, 2016. WestRock Co was Downgraded by Wells Fargo to ” Market Perform” on Apr 8, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Sector Perform” and Lowered the Price Target to $ 40 from a previous price target of $47 .

WestRock Company formerly Rome-Milan Holdings Inc. is a packaging company. The Company provides paper and packaging solutions in consumer and corrugated markets. The Company includes customers across the world from around 275 operating and business locations spanning North America South America Europe and Asia-Pacific. The Company’s products and services include consumer packaging corrugated packaging merchandising displays containerboard kraft paper pulp paperboard recycling and waste solutions and specialty paperboard. The Company’s consumer packaging includes the manufacturing of folding cartons and production of coated paperboard and serves markets such as printing and converting solid bleached sulfate and coated recycled board. Its corrugated packaging is engaged in the manufacturing of containerboard containers pre-print and microflute packaging retail displays and automated packaging systems. Rock-Tenn Company is a subsidiary of WestRock Co.

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