Wipfli Financial Advisors LLC purchased a new position in shares of Whirlpool Co. (NYSE:WHR – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 443 shares of the company’s stock, valued at approximately $60,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Whirlpool by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,154,882 shares of the company’s stock worth $199,541,000 after purchasing an additional 48,510 shares during the last quarter. Invesco Ltd. increased its position in shares of Whirlpool by 21.6% in the first quarter. Invesco Ltd. now owns 754,474 shares of the company’s stock worth $130,358,000 after acquiring an additional 134,251 shares in the last quarter. Deutsche Bank AG increased its position in shares of Whirlpool by 18.5% in the second quarter. Deutsche Bank AG now owns 535,642 shares of the company’s stock worth $82,955,000 after acquiring an additional 83,523 shares in the last quarter. Bank of America Corp DE increased its position in shares of Whirlpool by 10.7% in the first quarter. Bank of America Corp DE now owns 442,773 shares of the company’s stock worth $76,502,000 after acquiring an additional 42,768 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Whirlpool by 56.5% in the second quarter. AQR Capital Management LLC now owns 271,579 shares of the company’s stock worth $41,318,000 after acquiring an additional 98,086 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Bank of America lowered shares of Whirlpool from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $155.00 to $119.00 in a research report on Wednesday, October 26th. JPMorgan Chase & Co. decreased their target price on shares of Whirlpool from $145.00 to $137.00 and set a “neutral” rating for the company in a research note on Tuesday, December 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $160.00 target price on shares of Whirlpool in a research note on Thursday, November 17th. StockNews.com assumed coverage on shares of Whirlpool in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Credit Suisse Group decreased their target price on shares of Whirlpool to $157.00 in a research note on Thursday, October 20th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $158.00.
Whirlpool Trading Up 0.1 %
Whirlpool (NYSE:WHR – Get Rating) last posted its quarterly earnings data on Thursday, October 20th. The company reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $5.59 by ($1.10). Whirlpool had a net margin of 1.86% and a return on equity of 27.65%. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter last year, the company earned $6.68 earnings per share. The company’s revenue was down 12.8% compared to the same quarter last year. As a group, research analysts predict that Whirlpool Co. will post 18.98 earnings per share for the current fiscal year.
Whirlpool Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, November 18th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $7.00 dividend on an annualized basis and a yield of 4.54%. Whirlpool’s dividend payout ratio (DPR) is 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.
- Get a free copy of the StockNews.com research report on Whirlpool (WHR)
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