British Columbia Investment Management Corp Lowers Position in Whirlpool Corp. (WHR)
British Columbia Investment Management Corp lowered its stake in shares of Whirlpool Corp. (NYSE:WHR) by 1.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 52,677 shares of the company’s stock after selling 952 shares during the period. British Columbia Investment Management Corp owned about 0.07% of Whirlpool Corp. worth $8,542,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of WHR. FineMark National Bank & Trust boosted its stake in Whirlpool Corp. by 65.8% in the second quarter. FineMark National Bank & Trust now owns 645 shares of the company’s stock valued at $108,000 after buying an additional 256 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock valued at $117,000 after buying an additional 76 shares during the last quarter. Barnett & Company Inc. purchased a new stake in Whirlpool Corp. during the first quarter valued at $126,000. First Manhattan Co. boosted its stake in Whirlpool Corp. by 80.0% in the second quarter. First Manhattan Co. now owns 810 shares of the company’s stock valued at $134,000 after buying an additional 360 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Whirlpool Corp. by 34.6% in the second quarter. IFP Advisors Inc now owns 833 shares of the company’s stock valued at $139,000 after buying an additional 214 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whirlpool Corp. (NYSE:WHR) traded up 0.73% during trading on Tuesday, reaching $163.81. 323,562 shares of the company were exchanged. The firm has a market capitalization of $12.30 billion, a PE ratio of 14.32 and a beta of 1.94. Whirlpool Corp. has a 1-year low of $123.60 and a 1-year high of $194.10. The company’s 50-day moving average is $159.77 and its 200 day moving average is $171.05.
Whirlpool Corp. (NYSE:WHR) last issued its 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. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Whirlpool Corp. had a return on equity of 18.64% and a net margin of 4.31%. The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business posted $3.45 earnings per share. Equities research analysts expect that Whirlpool Corp. will post $14.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 18th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Wednesday, November 16th. Whirlpool Corp.’s dividend payout ratio (DPR) is presently 34.93%.
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Several analysts have weighed in on WHR shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $182.00 price objective on shares of Whirlpool Corp. in a research report on Thursday, October 27th. Gabelli cut Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research raised Whirlpool Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. Finally, MKM Partners cut Whirlpool Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $215.00 to $176.00 in a research report on Monday, October 17th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $189.86.
In other news, insider David T. Szczupak sold 10,307 shares of the firm’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 transaction of $1,868,968.31. Following the transaction, the insider now directly owns 4,807 shares of the company’s stock, valued at $871,653.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.62% of the company’s stock.
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.
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