Wharton Business Group Lowers stake in WestRock Co (WRK)

WestRock Co (WRK) : Wharton Business Group reduced its stake in WestRock Co by 0.71% during the most recent quarter end. The investment management company now holds a total of 78,300 shares of WestRock Co which is valued at $3,544,641 after selling 560 shares in WestRock Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.WestRock Co makes up approximately 0.40% of Wharton Business Group’s portfolio.

Other Hedge Funds, Including , Canal Capital Management reduced its stake in WRK by selling 730 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 41,835 shares of WRK which is valued at $1,893,870. WestRock Co makes up approx 1.93% of Canal Capital Management’s portfolio.Glenmede Trust Co Na boosted its stake in WRK in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 12,825 shares of WestRock Co which is valued at $565,326.California State Teachers Retirement System reduced its stake in WRK by selling 23,774 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 545,451 shares of WRK which is valued at $22,881,669. WestRock Co makes up approx 0.05% of California State Teachers Retirement System’s portfolio.Tocqueville Asset Management reduced its stake in WRK by selling 656 shares or 8.29% in the most recent quarter. The Hedge Fund company now holds 7,256 shares of WRK which is valued at $311,355. Rehmann Capital Advisory Group added WRK to its portfolio by purchasing 5,839 company shares during the most recent quarter which is valued at $252,478. WestRock Co makes up approx 0.05% of Rehmann Capital Advisory Group’s portfolio.

WestRock Co closed down -0.47 points or -1.06% at $44 with 14,37,964 shares getting traded on Monday. Post opening the session at $44.79, the shares hit an intraday low of $43.95 and an intraday high of $44.87 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, WestRock Co reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.66. The company had revenue of $3596.50 million for the quarter, compared to analysts expectations of $3698.46 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on WestRock Co. Company shares were Reiterated by Barclays on Aug 11, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 45 from a previous price target of $41 .Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $46 .

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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