Weik Investment Services Inc. Decreases Stake in Whirlpool Corporation (WHR)
Weik Investment Services Inc. reduced its position in shares of Whirlpool Corporation (NYSE:WHR) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,755 shares of the company’s stock after selling 50 shares during the period. Weik Investment Services Inc.’s holdings in Whirlpool Corporation were worth $1,671,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Icon Advisers Inc. Co. increased its stake in Whirlpool Corporation by 3.7% in the third quarter. Icon Advisers Inc. Co. now owns 63,960 shares of the company’s stock valued at $10,372,000 after buying an additional 2,300 shares during the period. Intrust Bank NA increased its stake in Whirlpool Corporation by 0.7% in the third quarter. Intrust Bank NA now owns 6,250 shares of the company’s stock valued at $1,013,000 after buying an additional 42 shares during the period. Probity Advisors Inc. increased its stake in Whirlpool Corporation by 2.9% in the third quarter. Probity Advisors Inc. now owns 3,807 shares of the company’s stock valued at $617,000 after buying an additional 107 shares during the period. Palladium Partners LLC increased its stake in Whirlpool Corporation by 2.1% in the third quarter. Palladium Partners LLC now owns 15,330 shares of the company’s stock valued at $2,486,000 after buying an additional 310 shares during the last quarter. Finally, Taylor Asset Management Inc. increased its stake in Whirlpool Corporation by 3.3% in the third quarter. Taylor Asset Management Inc. now owns 3,100 shares of the company’s stock valued at $502,000 after buying an additional 100 shares during the last quarter. 96.63% of the stock is owned by hedge funds and other institutional investors.
Shares of Whirlpool Corporation (NYSE:WHR) traded down 0.19% on Friday, hitting $195.87. The stock had a trading volume of 645,943 shares. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 16.86 and a beta of 1.76. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm’s 50-day moving average is $186.03 and its 200-day moving average is $178.31.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Monday, April 24th. The company reported $2.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.74 billion. Whirlpool Corporation had a net margin of 4.27% and a return on equity of 18.37%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.63 earnings per share. On average, analysts expect that Whirlpool Corporation will post $15.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 19th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This is a positive change from Whirlpool Corporation’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.25%. Whirlpool Corporation’s dividend payout ratio (DPR) is currently 37.87%.
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A number of equities analysts have commented on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $216.00 target price on shares of Whirlpool Corporation in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. One 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. The stock has a consensus rating of “Hold” and an average price target of $191.43.
In other news, insider Marc R. Bitzer sold 19,314 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total transaction of $3,550,685.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.69% of the company’s stock.
Whirlpool Corporation Company Profile
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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