Capital International Investors Acquires 1,050 Shares of Whirlpool Corporation (WHR)
Capital International Investors grew its holdings in Whirlpool Corporation (NYSE:WHR) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 876,132 shares of the company’s stock after acquiring an additional 1,050 shares during the period. Capital International Investors owned about 1.20% of Whirlpool Corporation worth $167,884,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of WHR. Royal Bank of Canada raised its stake in shares of Whirlpool Corporation by 5.5% in the second quarter. Royal Bank of Canada now owns 176,204 shares of the company’s stock valued at $33,765,000 after acquiring an additional 9,109 shares in the last quarter. AHL Partners LLP grew its stake in Whirlpool Corporation by 113.2% during the 2nd quarter. AHL Partners LLP now owns 38,434 shares of the company’s stock worth $7,364,000 after purchasing an additional 20,405 shares in the last quarter. L & S Advisors Inc grew its stake in Whirlpool Corporation by 10.7% during the 2nd quarter. L & S Advisors Inc now owns 2,591 shares of the company’s stock worth $496,000 after purchasing an additional 250 shares in the last quarter. Sun Life Financial INC grew its stake in Whirlpool Corporation by 7,628.6% during the 2nd quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after purchasing an additional 534 shares in the last quarter. Finally, Institute for Wealth Management LLC. acquired a new position in Whirlpool Corporation during the 2nd quarter worth $403,000. Institutional investors and hedge funds own 91.47% of the company’s stock.
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Whirlpool Corporation (NYSE WHR) traded down 0.18% during mid-day trading on Tuesday, reaching $183.56. The company’s stock had a trading volume of 196,281 shares. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The firm has a 50-day moving average of $173.22 and a 200-day moving average of $180.10. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 18.37 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Zacks’ consensus estimate of $3.54 by ($0.19). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the company earned $3.50 earnings per share. Whirlpool Corporation’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Whirlpool Corporation will post $14.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a $1.10 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $4.40 annualized dividend and a yield of 2.39%. Whirlpool Corporation’s dividend payout ratio is presently 44.04%.
Whirlpool Corporation announced that its board has authorized a stock repurchase program on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
WHR has been the topic of several analyst reports. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price on the stock. ValuEngine cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “top pick” rating and set a $216.00 target price (down previously from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Whirlpool Corporation currently has an average rating of “Buy” and a consensus target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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