World Asset Management Inc boosted its position in shares of Whirlpool Corporation (NYSE:WHR) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,002 shares of the company’s stock after buying an additional 733 shares during the period. World Asset Management Inc’s holdings in Whirlpool Corporation were worth $1,371,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norway Savings Bank bought a new stake in shares of Whirlpool Corporation during the fourth quarter worth approximately $164,000. Essex Financial Services Inc. acquired a new position in Whirlpool Corporation during the fourth quarter valued at about $202,000. State of Alaska Department of Revenue acquired a new position in Whirlpool Corporation during the first quarter valued at about $196,000. Wetherby Asset Management Inc. acquired a new position in Whirlpool Corporation during the fourth quarter valued at about $210,000. Finally, Narus Financial Partners LLC acquired a new position in Whirlpool Corporation during the fourth quarter valued at about $213,000. 96.63% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

Whirlpool Corporation (NYSE WHR) traded down 0.19% during midday trading on Friday, reaching $195.87. 645,943 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $186.32 and its 200-day moving average is $178.55. 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 $14.49 billion, a price-to-earnings ratio of 16.86 and a beta of 1.76.

Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Monday, April 24th. The company reported $2.50 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by $0.15. Whirlpool Corporation had a return on equity of 18.37% and a net margin of 4.27%. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same period last year, the firm earned $2.63 earnings per share. Whirlpool Corporation’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts forecast that Whirlpool Corporation will post $15.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, May 19th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This is a boost from Whirlpool Corporation’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.25%. Whirlpool Corporation’s dividend payout ratio (DPR) is currently 37.87%.

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Several research firms have issued reports on WHR. 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. Zacks Investment Research downgraded Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. 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 target price of $191.43.

In other Whirlpool Corporation news, insider Marc R. Bitzer sold 19,314 shares of Whirlpool Corporation stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $183.84, for a total transaction of $3,550,685.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.69% of the stock is owned by company insiders.

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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