First Allied Advisory Services Inc. boosted its position in shares of Whirlpool Corporation (NYSE:WHR) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,768 shares of the company’s stock after purchasing an additional 57 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Whirlpool Corporation were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WHR. Oxford Asset Management purchased a new position in Whirlpool Corporation during the 1st quarter worth $784,000. Martingale Asset Management L P purchased a new position in Whirlpool Corporation during the 1st quarter worth $395,000. Pacer Advisors Inc. increased its holdings in Whirlpool Corporation by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,549 shares of the company’s stock worth $265,000 after purchasing an additional 44 shares during the period. KBC Group NV increased its holdings in Whirlpool Corporation by 1.7% during the 1st quarter. KBC Group NV now owns 7,116 shares of the company’s stock worth $1,219,000 after purchasing an additional 119 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Whirlpool Corporation by 15.7% during the 1st quarter. Victory Capital Management Inc. now owns 7,030 shares of the company’s stock worth $1,204,000 after purchasing an additional 953 shares during the period. Institutional investors own 91.47% of the company’s stock.
Several research analysts have commented on the company. MKM Partners set a $177.00 price objective on Whirlpool Corporation and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research upgraded Whirlpool Corporation from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group assumed coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $193.33.
Whirlpool Corporation (NYSE:WHR) opened at 181.33 on Friday. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The stock has a market capitalization of $13.23 billion, a P/E ratio of 18.15 and a beta of 1.76. The stock has a 50 day moving average price of $174.46 and a 200-day moving average price of $180.31.
Whirlpool Corporation (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.19). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the company posted $3.50 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that Whirlpool Corporation will post $14.64 earnings per share for the current year.
Whirlpool Corporation announced that its board has authorized a share repurchase program on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
In related news, Director William D. Perez acquired 1,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the completion of the transaction, the director now owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.69% of the stock is currently owned by corporate insiders.
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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