Whirlpool Corp. (WHR) Stake Decreased by US Bancorp DE
US Bancorp DE cut its stake in Whirlpool Corp. (NYSE:WHR) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,964 shares of the company’s stock after selling 5,873 shares during the period. US Bancorp DE owned approximately 0.09% of Whirlpool Corp. worth $10,372,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in WHR. UBS Asset Management Americas Inc. increased its stake in shares of Whirlpool Corp. by 10.1% in the third quarter. UBS Asset Management Americas Inc. now owns 275,527 shares of the company’s stock valued at $44,681,000 after buying an additional 25,298 shares during the period. Homrich & Berg boosted its position in Whirlpool Corp. by 35.4% in the third quarter. Homrich & Berg now owns 2,022 shares of the company’s stock valued at $328,000 after buying an additional 529 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Whirlpool Corp. by 230.4% in the third quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the company’s stock valued at $1,232,000 after buying an additional 5,300 shares in the last quarter. TIAA CREF Trust Co. FSB MO boosted its position in Whirlpool Corp. by 1.9% in the third quarter. TIAA CREF Trust Co. FSB MO now owns 12,278 shares of the company’s stock valued at $1,991,000 after buying an additional 232 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC boosted its position in Whirlpool Corp. by 6.8% in the third quarter. Pillar Pacific Capital Management LLC now owns 16,842 shares of the company’s stock valued at $2,731,000 after buying an additional 1,075 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.
Whirlpool Corp. (NYSE:WHR) traded down 0.4117% during mid-day trading on Wednesday, reaching $162.9065. The company’s stock had a trading volume of 274,647 shares. Whirlpool Corp. has a 52-week low of $123.60 and a 52-week high of $194.10. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 14.2451 and a beta of 1.94. The firm has a 50 day moving average price of $159.77 and a 200 day moving average price of $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 analysts’ consensus estimates of $3.88 by $0.22. Whirlpool Corp. had a net margin of 4.31% and a return on equity of 18.64%. The firm earned $5.20 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the firm earned $3.45 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Whirlpool Corp. will post $14.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 18th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Wednesday, November 16th. Whirlpool Corp.’s payout ratio is 34.93%.
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WHR has been the subject of several recent research reports. Zacks Investment Research cut Whirlpool Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Gabelli cut Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. 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. MKM Partners cut Whirlpool Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $215.00 to $176.00 in a research report on Monday, October 17th. Finally, KeyCorp reduced their price objective on Whirlpool Corp. from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $189.88.
In related news, insider David T. Szczupak sold 10,307 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the sale, the insider now directly owns 4,807 shares of the company’s stock, valued at approximately $871,653.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.62% of the stock is owned by corporate insiders.
Whirlpool Corp. Company Profile
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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