Afam Capital Inc. Buys 889 Shares of Whirlpool Corporation (WHR)

Afam Capital Inc. increased its stake in shares of Whirlpool Corporation (NYSE:WHR) by 2.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 34,987 shares of the company’s stock after acquiring an additional 889 shares during the period. Afam Capital Inc.’s holdings in Whirlpool Corporation were worth $6,704,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in WHR. BlackRock Inc. lifted its position in Whirlpool Corporation by 3,484.6% during the 1st quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after acquiring an additional 4,844,832 shares in the last quarter. Bank of America Corp DE lifted its position in Whirlpool Corporation by 17.2% during the 1st quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock worth $306,280,000 after acquiring an additional 262,246 shares in the last quarter. Morgan Stanley lifted its position in Whirlpool Corporation by 52.0% during the 1st quarter. Morgan Stanley now owns 719,572 shares of the company’s stock worth $123,284,000 after acquiring an additional 246,103 shares in the last quarter. Harris Associates L P lifted its position in Whirlpool Corporation by 12.5% during the 2nd quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after acquiring an additional 241,659 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Whirlpool Corporation by 136.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after acquiring an additional 233,661 shares in the last quarter. 91.47% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Whirlpool Corporation (WHR) traded up 0.95% during trading on Friday, hitting $178.78. The company’s stock had a trading volume of 593,356 shares. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The company has a market capitalization of $13.05 billion, a P/E ratio of 17.89 and a beta of 1.76. The firm’s 50 day moving average is $175.80 and its 200-day moving average is $180.58.

Whirlpool Corporation (NYSE:WHR) last issued 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 company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 EPS. Analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is 44.04%.

Whirlpool Corporation announced that its board has initiated a share buyback plan 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 plans are often a sign that the company’s leadership believes its stock is undervalued.

In related news, Director William D. Perez acquired 1,000 shares of the 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 acquisition, the director now 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 hyperlink. Corporate insiders own 2.69% of the company’s stock.

Several equities analysts recently commented on the company. Royal Bank Of Canada reissued a “buy” rating and set a $209.00 price target on shares of Whirlpool Corporation in a research report on Tuesday. MKM Partners set a $177.00 price target on Whirlpool Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research raised Whirlpool Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub lowered Whirlpool Corporation from a “buy

A number of other institutional investors also recently added to or reduced their stakes in WHR. BlackRock Inc. lifted its position in Whirlpool Corporation by 3,484.6% during the 1st quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after acquiring an additional 4,844,832 shares in the last quarter. Bank of America Corp DE lifted its position in Whirlpool Corporation by 17.2% during the 1st quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock worth $306,280,000 after acquiring an additional 262,246 shares in the last quarter. Morgan Stanley lifted its position in Whirlpool Corporation by 52.0% during the 1st quarter. Morgan Stanley now owns 719,572 shares of the company’s stock worth $123,284,000 after acquiring an additional 246,103 shares in the last quarter. Harris Associates L P lifted its position in Whirlpool Corporation by 12.5% during the 2nd quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after acquiring an additional 241,659 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Whirlpool Corporation by 136.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after acquiring an additional 233,661 shares in the last quarter. 91.47% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/14/afam-capital-inc-buys-889-shares-of-whirlpool-corporation-whr.html.

Shares of Whirlpool Corporation (WHR) traded up 0.95% during trading on Friday, hitting $178.78. The company’s stock had a trading volume of 593,356 shares. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The company has a market capitalization of $13.05 billion, a P/E ratio of 17.89 and a beta of 1.76. The firm’s 50 day moving average is $175.80 and its 200-day moving average is $180.58.

Whirlpool Corporation (NYSE:WHR) last issued 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 company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 EPS. Analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is 44.04%.

Whirlpool Corporation announced that its board has initiated a share buyback plan 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 plans are often a sign that the company’s leadership believes its stock is undervalued.

In related news, Director William D. Perez acquired 1,000 shares of the 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 acquisition, the director now 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 hyperlink. Corporate insiders own 2.69% of the company’s stock.

Several equities analysts recently commented on the company. Royal Bank Of Canada reissued a “buy” rating and set a $209.00 price target on shares of Whirlpool Corporation in a research report on Tuesday. MKM Partners set a $177.00 price target on Whirlpool Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research raised Whirlpool Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $192.17.

About Whirlpool Corporation

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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Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

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