Wedge Capital Management L L P NC lessened its stake in Whirlpool Co. (NYSE:WHR – Get Rating) by 9.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,974 shares of the company’s stock after selling 195 shares during the period. Wedge Capital Management L L P NC’s holdings in Whirlpool were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new stake in Whirlpool in the 2nd quarter valued at approximately $30,000. Bivin & Associates Inc. purchased a new stake in Whirlpool in the 4th quarter valued at approximately $33,000. Geneos Wealth Management Inc. boosted its holdings in Whirlpool by 96.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in Whirlpool in the 1st quarter valued at approximately $37,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in Whirlpool in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 96.37% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Whirlpool from $227.00 to $191.00 in a research note on Friday, July 15th. The Goldman Sachs Group decreased their price target on 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 Whirlpool from a “b” rating to a “c+” rating in a research note on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $198.00.
Whirlpool Trading Down 0.3 %
Whirlpool (NYSE:WHR – Get Rating) last issued its quarterly earnings results on Monday, July 25th. The company reported $5.97 earnings per share for the quarter, beating the consensus estimate of $5.23 by $0.74. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.24 billion. Whirlpool had a return on equity of 30.13% and a net margin of 3.33%. Whirlpool’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.64 EPS. Sell-side analysts anticipate that Whirlpool Co. will post 22.83 EPS for the current fiscal year.
Whirlpool Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were issued a dividend of $1.75 per share. The ex-dividend date was Thursday, August 25th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 4.91%. Whirlpool’s payout ratio is 62.95%.
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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