Whirlpool Corporation (WHR) Position Increased by Xact Kapitalforvaltning AB
Xact Kapitalforvaltning AB increased its position in shares of Whirlpool Corporation (NYSE:WHR) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,152 shares of the company’s stock after buying an additional 871 shares during the period. Xact Kapitalforvaltning AB’s holdings in Whirlpool Corporation were worth $2,082,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in WHR. Norway Savings Bank bought a new stake in Whirlpool Corporation during the fourth quarter worth about $164,000. Essex Financial Services Inc. bought a new stake in Whirlpool Corporation during the fourth quarter worth about $202,000. State of Alaska Department of Revenue bought a new stake in Whirlpool Corporation during the first quarter worth about $196,000. Wetherby Asset Management Inc. bought a new stake in Whirlpool Corporation during the fourth quarter worth about $210,000. Finally, Narus Financial Partners LLC acquired a new position in Whirlpool Corporation during the fourth quarter valued at approximately $213,000. Institutional investors own 96.63% of the company’s stock.
Whirlpool Corporation (WHR) opened at 196.54 on Thursday. The stock has a 50 day moving average price of $185.71 and a 200-day moving average price of $178.18. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The stock has a market capitalization of $14.54 billion, a PE ratio of 16.92 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Monday, April 24th. The company reported $2.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.65 by $0.15. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Whirlpool Corporation had a net margin of 4.27% and a return on equity of 18.37%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 EPS. On average, equities analysts anticipate that Whirlpool Corporation will post $15.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 19th will be given a $1.10 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $4.40 annualized dividend and a yield of 2.24%. This is a positive change from Whirlpool Corporation’s previous quarterly dividend of $1.00. Whirlpool Corporation’s dividend payout ratio (DPR) is currently 37.87%.
Several equities analysts recently commented on WHR shares. Zacks Investment Research cut Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and set a $216.00 target price on shares of Whirlpool Corporation in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $191.43.
In related news, insider Marc R. Bitzer sold 19,314 shares of Whirlpool Corporation stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total value of $3,550,685.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.69% of the company’s stock.
About Whirlpool Corporation
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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