Whirlpool Co. (NYSE:WHR) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its stake in Whirlpool Co. (NYSE:WHRGet 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 %

Shares of Whirlpool stock opened at $142.50 on Thursday. The business has a 50 day moving average price of $161.68 and a 200 day moving average price of $170.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 0.69. The company has a market capitalization of $7.77 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.27 and a beta of 1.56. Whirlpool Co. has a 1 year low of $141.42 and a 1 year high of $245.44.

Whirlpool (NYSE:WHRGet 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%.

About Whirlpool

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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