Pictet Asset Management SA Sells 605 Shares of Whirlpool Co. (NYSE:WHR)

Pictet Asset Management SA lowered its position in shares of Whirlpool Co. (NYSE:WHRGet Rating) by 2.3% during the second quarter, reports. The fund owned 25,189 shares of the company’s stock after selling 605 shares during the quarter. Pictet Asset Management SA’s holdings in Whirlpool were worth $3,901,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of WHR. GoalVest Advisory LLC bought a new stake in Whirlpool during the second quarter valued at $30,000. Jones Financial Companies Lllp bought a new stake in Whirlpool during the second quarter valued at $31,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Whirlpool during the second quarter valued at about $33,000. Geneos Wealth Management Inc. raised its holdings in shares of Whirlpool by 96.2% during the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Finally, IndexIQ Advisors LLC acquired a new position in shares of Whirlpool during the first quarter valued at about $37,000. Institutional investors own 96.37% of the company’s stock.

Analyst Upgrades and Downgrades

WHR has been the topic of several research reports. TheStreet lowered shares of Whirlpool from a “b” rating to a “c+” rating in a report on Monday, July 25th. Credit Suisse Group lowered their target price on shares of Whirlpool to $157.00 in a report on Thursday, October 20th. began coverage on shares of Whirlpool in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Bank of America lowered shares of Whirlpool from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $155.00 to $119.00 in a report on Wednesday, October 26th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $160.00 target price on shares of Whirlpool in a report on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $167.00.

Whirlpool Stock Down 0.3 %

Whirlpool stock opened at $147.42 on Monday. Whirlpool Co. has a twelve month low of $124.43 and a twelve month high of $245.44. The firm has a 50 day moving average price of $141.55 and a 200-day moving average price of $158.11. The company has a market capitalization of $8.03 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.51 and a beta of 1.52. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 1.09.

Whirlpool (NYSE:WHRGet Rating) last released its earnings results on Friday, October 21st. The company reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $5.76 by ($1.27). The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $5.15 billion. Whirlpool had a net margin of 1.86% and a return on equity of 27.65%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $6.68 earnings per share. As a group, equities analysts predict that Whirlpool Co. will post 19.19 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 18th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 4.75%. The ex-dividend date is Thursday, November 17th. Whirlpool’s dividend payout ratio (DPR) is presently 112.72%.

Whirlpool Profile

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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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