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.
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.
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