ETRADE Capital Management LLC decreased its stake in Whirlpool Corporation (NYSE:WHR) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,950 shares of the company’s stock after selling 755 shares during the quarter. ETRADE Capital Management LLC’s holdings in Whirlpool Corporation were worth $3,823,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in WHR. BlackRock Inc. lifted its position in Whirlpool Corporation by 3,484.6% in the 1st quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after buying an additional 4,844,832 shares in the last quarter. Levin Capital Strategies L.P. purchased a new stake in Whirlpool Corporation in the 1st quarter worth approximately $113,386,000. Findlay Park Partners LLP lifted its position in Whirlpool Corporation by 333.3% in the 1st quarter. Findlay Park Partners LLP now owns 650,000 shares of the company’s stock worth $111,365,000 after buying an additional 500,000 shares in the last quarter. SG Americas Securities LLC lifted its position in Whirlpool Corporation by 105.1% in the 1st quarter. SG Americas Securities LLC now owns 22,554 shares of the company’s stock worth $3,864,000 after buying an additional 464,224 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Whirlpool Corporation by 17.2% in the 1st quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock worth $306,280,000 after buying an additional 262,246 shares in the last quarter. Institutional investors own 91.47% of the company’s stock.
Whirlpool Corporation (NYSE WHR) traded up 0.52% on Thursday, hitting $171.26. 102,349 shares of the stock were exchanged. The company has a 50 day moving average of $172.40 and a 200 day moving average of $179.94. The stock has a market capitalization of $12.50 billion, a P/E ratio of 17.14 and a beta of 1.77. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Zacks’ consensus estimate of $3.54 by ($0.19). The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 EPS. On average, equities research analysts forecast that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is presently 44.04%.
Whirlpool Corporation announced that its Board of Directors has approved a share buyback program on Wednesday, July 26th that allows the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the completion of the transaction, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.69% of the company’s stock.
A number of equities research analysts have issued reports on WHR shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $216.00 target price on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price for the company. BidaskClub downgraded shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, ValuEngine downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $194.71.
Whirlpool Corporation Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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