Retirement Systems of Alabama lowered its position in Whirlpool Corp. (NYSE:WHR) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,730 shares of the company’s stock after selling 475 shares during the period. Retirement Systems of Alabama’s holdings in Whirlpool Corp. were worth $6,454,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Kanaly Trust Co boosted its position in Whirlpool Corp. by 0.3% in the second quarter. Kanaly Trust Co now owns 1,147 shares of the company’s stock worth $191,000 after buying an additional 4 shares in the last quarter. Bollard Group LLC boosted its position in Whirlpool Corp. by 0.6% in the second quarter. Bollard Group LLC now owns 2,121 shares of the company’s stock worth $353,000 after buying an additional 12 shares in the last quarter. Somerset Trust Co boosted its position in Whirlpool Corp. by 0.3% in the second quarter. Somerset Trust Co now owns 12,743 shares of the company’s stock worth $2,123,000 after buying an additional 33 shares in the last quarter. IFP Advisors Inc boosted its position in Whirlpool Corp. by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock worth $112,000 after buying an additional 36 shares in the last quarter. Finally, Strs Ohio boosted its position in Whirlpool Corp. by 1.4% in the second quarter. Strs Ohio now owns 4,952 shares of the company’s stock worth $825,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 89.59% of the company’s stock.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 0.33% during trading on Tuesday, hitting $161.03. The stock had a trading volume of 961,700 shares. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 14.27 and a beta of 1.61. The stock has a 50-day moving average of $169.68 and a 200 day moving average of $176.25. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10.
Whirlpool Corp. (NYSE:WHR) last released its earnings results on Friday, July 22nd. The company reported $3.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.37 by $0.13. The firm earned $5.21 billion during the quarter, compared to analyst estimates of $5.13 billion. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.70 earnings per share. On average, analysts predict that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.48%. Whirlpool Corp.’s payout ratio is currently 35.40%.
A number of equities analysts recently commented on the company. Raymond James Financial Inc. cut Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, July 25th. Zacks Investment Research upgraded Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a report on Wednesday, June 29th. MKM Partners raised their target price on Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 25th. Bank of America Corp. restated a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. Finally, Gabelli cut Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Whirlpool Corp. has an average rating of “Buy” and an average target price of $198.50.
In related news, insider David T. Szczupak sold 10,307 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the transaction, the insider now directly owns 4,807 shares in the company, valued at $871,653.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joao Carlos Brega sold 14,166 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $193.43, for a total value of $2,740,129.38. Following the completion of the transaction, the insider now owns 29,043 shares of the company’s stock, valued at $5,617,787.49. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.
Whirlpool Corp. Company Profile
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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