Pictet Asset Management SA lowered its position in shares of Whirlpool Co. (NYSE:WHR – Get Rating) by 2.3% during the second quarter, HoldingsChannel.com 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. StockNews.com 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 (NYSE:WHR – Get 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 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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