Mid Atlantic Financial Management Inc. ADV increased its holdings in shares of Whirlpool Co. (NYSE:WHR) by 35.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,448 shares of the company’s stock after acquiring an additional 641 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Whirlpool were worth $348,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of WHR. SevenBridge Financial Group LLC boosted its holdings in shares of Whirlpool by 248.1% in the second quarter. SevenBridge Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after buying an additional 134 shares during the period. Penserra Capital Management LLC acquired a new position in Whirlpool during the first quarter worth $27,000. Trustcore Financial Services LLC boosted its holdings in Whirlpool by 45.9% during the second quarter. Trustcore Financial Services LLC now owns 264 shares of the company’s stock worth $38,000 after purchasing an additional 83 shares during the last quarter. Thor Advisors LLC bought a new stake in Whirlpool during the first quarter worth $38,000. Finally, Farmers National Bank bought a new stake in Whirlpool during the first quarter worth $40,000. Institutional investors and hedge funds own 96.14% of the company’s stock.
WHR has been the topic of several analyst reports. Gabelli reaffirmed a “hold” rating on shares of Whirlpool in a research report on Wednesday, July 24th. ValuEngine lowered shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Thursday, August 22nd. Longbow Research set a $178.00 price target on shares of Whirlpool and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Buckingham Research upped their price target on shares of Whirlpool from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $140.95.
WHR opened at $134.04 on Wednesday. The company’s 50 day moving average is $140.82 and its 200-day moving average is $136.94. Whirlpool Co. has a 1-year low of $99.40 and a 1-year high of $152.50. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 1.31. The company has a market cap of $8.55 billion, a P/E ratio of 8.84, a PEG ratio of 1.69 and a beta of 1.83.
Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, July 22nd. The company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.21. Whirlpool had a net margin of 4.39% and a return on equity of 30.55%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the company posted $3.20 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that Whirlpool Co. will post 15.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Friday, August 30th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.58%. Whirlpool’s payout ratio is currently 31.66%.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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