Coastline Trust Co Sells 1,330 Shares of Whirlpool Co. (NYSE:WHR)
Coastline Trust Co trimmed its position in shares of Whirlpool Co. (NYSE:WHR) by 15.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,090 shares of the company’s stock after selling 1,330 shares during the quarter. Coastline Trust Co’s holdings in Whirlpool were worth $1,304,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Whirlpool by 45.7% during the second quarter. FMR LLC now owns 4,852,807 shares of the company’s stock worth $628,584,000 after purchasing an additional 1,522,984 shares in the last quarter. Greenhaven Associates Inc. boosted its position in shares of Whirlpool by 0.7% during the second quarter. Greenhaven Associates Inc. now owns 2,779,157 shares of the company’s stock worth $359,984,000 after purchasing an additional 18,355 shares in the last quarter. LSV Asset Management boosted its position in shares of Whirlpool by 1.1% during the second quarter. LSV Asset Management now owns 2,267,101 shares of the company’s stock worth $293,657,000 after purchasing an additional 24,615 shares in the last quarter. Newport Trust Co boosted its position in shares of Whirlpool by 4.3% during the second quarter. Newport Trust Co now owns 1,434,490 shares of the company’s stock worth $185,809,000 after purchasing an additional 58,737 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Whirlpool by 2.5% during the first quarter. Geode Capital Management LLC now owns 1,022,677 shares of the company’s stock worth $87,580,000 after acquiring an additional 25,003 shares during the period. 98.93% of the stock is currently owned by institutional investors.
WHR has been the topic of a number of research analyst reports. Credit Suisse Group raised their price objective on shares of Whirlpool from $103.00 to $128.00 and gave the stock an “underperform” rating in a report on Friday, July 24th. Raymond James restated a “hold” rating on shares of Whirlpool in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Whirlpool from $158.00 to $192.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Royal Bank of Canada restated a “sell” rating and set a $110.00 price objective on shares of Whirlpool in a report on Monday, July 20th. Finally, ValuEngine upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $159.13.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.00 by $1.15. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.57 billion. Whirlpool had a net margin of 4.42% and a return on equity of 22.08%. During the same period in the previous year, the business earned $4.01 EPS. As a group, equities research analysts forecast that Whirlpool Co. will post 12.5 EPS for the current fiscal year.
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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