Moody National Bank Trust Division bought a new position in shares of Whirlpool Co. (NYSE:WHR – Get Rating) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,939 shares of the company’s stock, valued at approximately $300,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new position in shares of Whirlpool during the second quarter worth about $30,000. Bivin & Associates Inc. acquired a new stake in Whirlpool during the fourth quarter worth about $33,000. Geneos Wealth Management Inc. raised its stake in Whirlpool by 96.2% during the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares during the period. IndexIQ Advisors LLC acquired a new stake in Whirlpool during the first quarter worth about $37,000. Finally, Alpha Paradigm Partners LLC acquired a new stake in shares of Whirlpool in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 96.37% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Whirlpool from $227.00 to $191.00 in a research note on Friday, July 15th. The Goldman Sachs Group dropped their price target on shares of Whirlpool from $235.00 to $202.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Finally, TheStreet lowered shares of Whirlpool from a “b” rating to a “c+” rating in a research note on Monday, July 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Whirlpool currently has an average rating of “Hold” and a consensus target price of $198.00.
Whirlpool Price Performance
Whirlpool (NYSE:WHR – Get Rating) last issued its earnings results on Monday, July 25th. The company reported $5.97 earnings per share for the quarter, topping analysts’ consensus estimates of $5.23 by $0.74. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Whirlpool had a net margin of 3.33% and a return on equity of 30.13%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $6.64 earnings per share. As a group, equities research analysts forecast that Whirlpool Co. will post 22.83 EPS for the current fiscal year.
Whirlpool Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Thursday, August 25th. Whirlpool’s payout ratio is 62.95%.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
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