Daiwa Securities Group Inc. Has $412,000 Stake in Whirlpool Corporation (WHR)

Daiwa Securities Group Inc. lowered its position in shares of Whirlpool Corporation (NYSE:WHR) by 64.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,233 shares of the company’s stock after selling 4,067 shares during the period. Daiwa Securities Group Inc.’s holdings in Whirlpool Corporation were worth $412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dupont Capital Management Corp purchased a new stake in shares of Whirlpool Corporation during the second quarter valued at approximately $100,000. Sun Life Financial INC boosted its holdings in shares of Whirlpool Corporation by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after acquiring an additional 534 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Whirlpool Corporation by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after acquiring an additional 135 shares during the period. Westwood Holdings Group Inc. acquired a new position in shares of Whirlpool Corporation during the second quarter valued at $153,000. Finally, WESPAC Advisors SoCal LLC acquired a new position in shares of Whirlpool Corporation during the second quarter valued at $191,000. Institutional investors own 93.39% of the company’s stock.

Shares of Whirlpool Corporation (WHR) opened at $161.00 on Wednesday. The firm has a market cap of $11,618.06, a PE ratio of 11.54, a P/E/G ratio of 1.57 and a beta of 1.87. Whirlpool Corporation has a 1-year low of $159.71 and a 1-year high of $202.99. 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 Corporation (NYSE:WHR) last posted its quarterly earnings data 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 company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.66 EPS. analysts forecast that Whirlpool Corporation will post 13.7 EPS for the current fiscal year.

Whirlpool Corporation announced that its board has authorized a stock repurchase program on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

The business 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 $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool Corporation’s payout ratio is currently 41.47%.

Several brokerages have recently issued reports on WHR. downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. downgraded shares of Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Credit Suisse Group set a $187.00 price target on shares of Whirlpool Corporation and gave the company a “neutral” rating in a report on Tuesday, October 24th. Finally, Royal Bank Of Canada downgraded shares of Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and reduced their price target for the company 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 issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $184.67.

TRADEMARK VIOLATION NOTICE: “Daiwa Securities Group Inc. Has $412,000 Stake in Whirlpool Corporation (WHR)” was reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://transcriptdaily.com/2017/11/15/daiwa-securities-group-inc-has-412000-stake-in-whirlpool-corporation-whr.html.

About Whirlpool Corporation

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.

Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Corporation (NYSE:WHR).

Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

Receive News & Ratings for Whirlpool Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply