Shell Asset Management Co. Trims Stock Position in Whirlpool Co. (NYSE:WHR)

Shell Asset Management Co. cut its stake in shares of Whirlpool Co. (NYSE:WHRFree Report) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,130 shares of the company’s stock after selling 98 shares during the quarter. Shell Asset Management Co.’s holdings in Whirlpool were worth $151,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC acquired a new position in Whirlpool during the second quarter valued at $25,000. Geneos Wealth Management Inc. lifted its position in 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. BI Asset Management Fondsmaeglerselskab A S lifted its position in Whirlpool by 88.3% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 209 shares of the company’s stock valued at $31,000 after purchasing an additional 98 shares during the period. Parallel Advisors LLC lifted its position in Whirlpool by 52.9% during the second quarter. Parallel Advisors LLC now owns 211 shares of the company’s stock valued at $31,000 after purchasing an additional 73 shares during the period. Finally, Park Place Capital Corp acquired a new position in Whirlpool during the third quarter valued at $29,000. 90.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WHR shares. Longbow Research downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. TheStreet upgraded shares of Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Finally, StockNews.com upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Whirlpool currently has an average rating of “Hold” and a consensus target price of $118.60.

Read Our Latest Report on WHR

Whirlpool Stock Down 1.0 %

WHR stock opened at $109.06 on Monday. The stock has a market capitalization of $5.98 billion, a P/E ratio of 12.52 and a beta of 1.49. The firm has a 50-day simple moving average of $115.25 and a 200-day simple moving average of $123.00. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 2.53. Whirlpool Co. has a 52 week low of $98.40 and a 52 week high of $160.62.

Whirlpool (NYSE:WHRGet Free Report) last released its earnings results on Tuesday, January 30th. The company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.32. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.89 earnings per share. Equities analysts forecast that Whirlpool Co. will post 13.91 earnings per share for the current fiscal year.

Whirlpool Company Profile

(Free Report)

Whirlpool Corporation manufactures and markets home appliances and related products and services in North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

See Also

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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