MU Investments Co. Ltd. cut its stake in shares of Whirlpool Corp. (NYSE:WHR) by 38.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750 shares of the company’s stock after selling 460 shares during the period. MU Investments Co. Ltd.’s holdings in Whirlpool Corp. were worth $123,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in WHR. First Dallas Securities Inc. raised its stake in Whirlpool Corp. by 18.0% in the second quarter. First Dallas Securities Inc. now owns 2,950 shares of the company’s stock valued at $492,000 after buying an additional 450 shares in the last quarter. UMB Bank N A MO bought a new stake in Whirlpool Corp. during the second quarter valued at $206,000. K.J. Harrison & Partners Inc bought a new stake in Whirlpool Corp. during the second quarter valued at $333,000. PGGM Investments raised its stake in Whirlpool Corp. by 5.9% in the second quarter. PGGM Investments now owns 54,242 shares of the company’s stock valued at $9,039,000 after buying an additional 2,998 shares in the last quarter. Finally, Strs Ohio raised its stake in Whirlpool Corp. by 1.4% in the second quarter. Strs Ohio now owns 4,952 shares of the company’s stock valued at $825,000 after buying an additional 66 shares in the last quarter. Institutional investors own 89.59% of the company’s stock.
Whirlpool Corp. (NYSE:WHR) traded down 1.20% on Thursday, reaching $160.35. The company’s stock had a trading volume of 588,479 shares. The firm’s 50 day moving average is $173.92 and its 200-day moving average is $176.77. Whirlpool Corp. has a 12 month low of $123.60 and a 12 month high of $194.10. The firm has a market cap of $12.10 billion, a P/E ratio of 14.21 and a beta of 1.71.
Whirlpool Corp. (NYSE:WHR) last posted its earnings results on Friday, July 22nd. The company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.13. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.13 billion. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. On average, equities research analysts anticipate that Whirlpool Corp. will post $14.69 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.49%. Whirlpool Corp.’s payout ratio is presently 35.40%.
Several research firms have recently weighed in on WHR. Zacks Investment Research lowered Whirlpool Corp. from a “hold” rating to a “sell” rating in a research note on Thursday. Gabelli downgraded Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. MKM Partners boosted their target price on Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Raymond James Financial Inc. downgraded Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $198.50.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the sale, the insider now owns 4,807 shares of the company’s stock, valued at $871,653.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Jeff M. Fettig sold 91,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $189.42, for a total transaction of $17,237,220.00. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s stock.
About Whirlpool Corp.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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