Community Financial Services Group LLC raised its position in Whirlpool Corporation (NYSE:WHR) by 4.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 24,935 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Whirlpool Corporation comprises approximately 1.9% of Community Financial Services Group LLC’s portfolio, making the stock its 27th biggest holding. Community Financial Services Group LLC’s holdings in Whirlpool Corporation were worth $4,599,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in Whirlpool Corporation by 24.4% in the 1st quarter. Teachers Advisors LLC now owns 126,541 shares of the company’s stock worth $21,680,000 after buying an additional 24,854 shares during the last quarter. Global X Management Co. LLC boosted its stake in Whirlpool Corporation by 33.1% in the 1st quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after buying an additional 246 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Whirlpool Corporation in the 1st quarter worth about $330,000. Gotham Asset Management LLC boosted its stake in Whirlpool Corporation by 5.8% in the 1st quarter. Gotham Asset Management LLC now owns 79,327 shares of the company’s stock worth $13,591,000 after buying an additional 4,371 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Whirlpool Corporation by 1.7% in the 1st quarter. AQR Capital Management LLC now owns 810,172 shares of the company’s stock worth $138,807,000 after buying an additional 13,330 shares during the last quarter. 93.18% of the stock is currently owned by institutional investors.
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Shares of Whirlpool Corporation (NYSE WHR) opened at $162.05 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Whirlpool Corporation has a twelve month low of $159.71 and a twelve month high of $202.99. The stock has a market capitalization of $11,694.95, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.87.
Whirlpool Corporation (NYSE:WHR) last posted its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the firm earned $3.66 earnings per share. Whirlpool Corporation’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts anticipate that Whirlpool Corporation will post 13.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.72%. Whirlpool Corporation’s payout ratio is 41.47%.
Whirlpool Corporation declared that its Board of Directors has approved a stock repurchase program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
A number of research firms have recently commented on WHR. BidaskClub downgraded Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. MKM Partners set a $177.00 price objective on Whirlpool Corporation and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $209.00 price objective on shares of Whirlpool Corporation in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $184.67.
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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