Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in Whirlpool Corporation (NYSE:WHR) by 3.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,592 shares of the company’s stock after selling 672 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Whirlpool Corporation were worth $3,245,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WHR. Dupont Capital Management Corp bought a new stake in shares of Whirlpool Corporation in the second quarter worth about $100,000. Sun Life Financial INC increased its holdings in shares of Whirlpool Corporation by 7,628.6% in the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after acquiring an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Whirlpool Corporation by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after acquiring an additional 135 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Whirlpool Corporation in the second quarter worth about $153,000. Finally, WESPAC Advisors SoCal LLC bought a new stake in shares of Whirlpool Corporation in the second quarter worth about $191,000. Institutional investors and hedge funds own 92.73% of the company’s stock.
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Several brokerages have issued reports on WHR. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine upgraded Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Credit Suisse Group set a $187.00 price target on Whirlpool Corporation and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Finally, Royal Bank Of Canada downgraded Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and lowered their price target for the stock from $209.00 to $184.00 in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $184.67.
Whirlpool Corporation (NYSE WHR) opened at $165.40 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $11,890.00, a PE ratio of 11.81, a P/E/G ratio of 1.61 and a beta of 1.87. Whirlpool Corporation has a fifty-two week low of $158.80 and a fifty-two week high of $202.99.
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 Zacks’ consensus estimate of $3.90 by ($0.07). The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.66 earnings per share. analysts anticipate that Whirlpool Corporation will post 13.7 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a dividend of $1.10 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.66%. Whirlpool Corporation’s payout ratio is presently 41.51%.
Whirlpool Corporation declared that its board has initiated a share buyback program on Wednesday, July 26th that permits the company to buyback $2.35 billion in shares. This buyback authorization permits the company to repurchase up to 16.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.
Whirlpool Corporation Company 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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