American International Group Inc. lowered its position in Whirlpool Co. (NYSE:WHR) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,198 shares of the company’s stock after selling 4,446 shares during the period. American International Group Inc.’s holdings in Whirlpool were worth $5,016,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in WHR. ING Groep NV increased its holdings in Whirlpool by 121.6% during the third quarter. ING Groep NV now owns 2,624 shares of the company’s stock worth $484,000 after buying an additional 1,440 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Whirlpool by 626.6% during the third quarter. D.A. Davidson & CO. now owns 17,736 shares of the company’s stock worth $3,271,000 after buying an additional 15,295 shares during the last quarter. Icon Advisers Inc. Co. increased its holdings in Whirlpool by 2.3% during the third quarter. Icon Advisers Inc. Co. now owns 45,420 shares of the company’s stock worth $8,377,000 after buying an additional 1,030 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Whirlpool by 231.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,763 shares of the company’s stock worth $12,498,000 after buying an additional 47,338 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its holdings in Whirlpool by 2.4% during the third quarter. Mawer Investment Management Ltd. now owns 37,392 shares of the company’s stock worth $6,897,000 after buying an additional 880 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.
Whirlpool Co. (WHR) traded up $2.17 on Tuesday, hitting $169.63. 1,098,100 shares of the stock traded hands, compared to its average volume of 852,896. The stock has a market capitalization of $12,170.00, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.69 and a beta of 1.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.90 and a quick ratio of 0.55. Whirlpool Co. has a 52-week low of $158.80 and a 52-week high of $202.99.
Whirlpool (NYSE:WHR) last posted its earnings results on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $3.90 by ($0.07). The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. Whirlpool’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.66 EPS. research analysts expect that Whirlpool Co. will post 13.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid 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 2.59%. Whirlpool’s payout ratio is 41.51%.
A number of analysts recently issued reports on the stock. Credit Suisse Group set a $187.00 price objective on shares of Whirlpool and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. ValuEngine downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Bank of America downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 target price for the company. in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $209.00 target price on shares of Whirlpool in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $183.60.
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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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