Chevy Chase Trust Holdings Inc. Lowers Position in Whirlpool Corp. (WHR)
Chevy Chase Trust Holdings Inc. reduced its stake in shares of Whirlpool Corp. (NYSE:WHR) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,669 shares of the company’s stock after selling 1,941 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Whirlpool Corp. worth $10,324,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of WHR. BNP Paribas Arbitrage SA increased its position in shares of Whirlpool Corp. by 38.7% in the third quarter. BNP Paribas Arbitrage SA now owns 69,583 shares of the company’s stock valued at $11,284,000 after buying an additional 19,417 shares during the last quarter. LVM Capital Management Ltd. MI increased its position in Whirlpool Corp. by 6.2% in the third quarter. LVM Capital Management Ltd. MI now owns 1,725 shares of the company’s stock valued at $240,000 after buying an additional 100 shares during the last quarter. Williams Jones & Associates LLC acquired a new position in Whirlpool Corp. during the second quarter valued at about $739,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Whirlpool Corp. during the second quarter valued at about $511,000. Finally, Kentucky Retirement Systems acquired a new position in Whirlpool Corp. during the second quarter valued at about $1,076,000. 90.02% of the stock is owned by institutional investors and hedge funds.
Whirlpool Corp. (NYSE:WHR) traded up 0.18% during midday trading on Friday, reaching $165.61. 173,089 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $159.80 and a 200 day moving average price of $171.17. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 14.48 and a beta of 1.94.
Whirlpool Corp. (NYSE:WHR) last released its quarterly earnings results on Tuesday, October 25th. The company reported $3.66 EPS for the quarter, missing the Zacks’ consensus estimate of $3.88 by $0.22. Whirlpool Corp. had a return on equity of 18.64% and a net margin of 4.31%. The company earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the firm earned $3.45 EPS. Whirlpool Corp.’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts expect that Whirlpool Corp. will post $14.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 18th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $4.00 dividend on an annualized basis and a yield of 2.42%. Whirlpool Corp.’s dividend payout ratio is presently 34.93%.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. Gabelli downgraded shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. MKM Partners downgraded shares of Whirlpool Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the company from $215.00 to $176.00 in a research note on Monday, October 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $182.00 price target on shares of Whirlpool Corp. in a research note on Thursday, October 27th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $189.86.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the transaction, the insider now owns 4,807 shares of the company’s stock, valued at approximately $871,653.31. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.62% of the stock is currently owned by company insiders.
About Whirlpool Corp.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
Receive News & Stock Ratings for Whirlpool Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool Corp. and related stocks with our FREE daily email newsletter.