Exxonmobil Investment Management Inc. TX Has $3,124,000 Position in Whirlpool Corp. (WHR)
Exxonmobil Investment Management Inc. TX lowered its stake in Whirlpool Corp. (NYSE:WHR) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,264 shares of the company’s stock after selling 400 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Whirlpool Corp. were worth $3,124,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of WHR. Envestnet Asset Management Inc. increased its stake in shares of Whirlpool Corp. by 18.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,630 shares of the company’s stock valued at $1,196,000 after buying an additional 1,045 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Whirlpool Corp. during the first quarter valued at $646,000. A.R.T. Advisors LLC bought a new stake in shares of Whirlpool Corp. during the first quarter valued at $889,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Whirlpool Corp. by 7.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,863 shares of the company’s stock valued at $517,000 after buying an additional 203 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of Whirlpool Corp. by 37.4% in the first quarter. First Republic Investment Management Inc. now owns 5,250 shares of the company’s stock valued at $946,000 after buying an additional 1,429 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 0.70% during trading on Wednesday, reaching $162.44. 578,285 shares of the company’s stock traded hands. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 14.20 and a beta of 1.94. The company has a 50 day moving average of $159.83 and a 200-day moving average of $171.01. Whirlpool Corp. has a 1-year low of $123.60 and a 1-year high of $194.10.
Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.88 by $0.22. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Whirlpool Corp. had a net margin of 4.31% and a return on equity of 18.64%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.45 EPS. Equities analysts predict that Whirlpool Corp. will post $14.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 18th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.46%. Whirlpool Corp.’s dividend payout ratio (DPR) is presently 34.93%.
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Several analysts have recently weighed in on WHR shares. Gabelli downgraded shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research downgraded shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. MKM Partners downgraded shares of Whirlpool Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $215.00 to $176.00 in a research report on Monday, October 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $182.00 target price on shares of Whirlpool Corp. in a report on Thursday, October 27th. Finally, KeyCorp cut their target price on shares of Whirlpool Corp. from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $189.88.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of Whirlpool Corp. stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the transaction, the insider now owns 4,807 shares of the company’s stock, valued at $871,653.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.62% of the stock is currently owned by corporate insiders.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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