Whirlpool Co. (WHR) Position Lowered by ING Groep NV
ING Groep NV lowered its position in shares of Whirlpool Co. (NYSE:WHR) by 38.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,184 shares of the company’s stock after selling 731 shares during the period. ING Groep NV’s holdings in Whirlpool were worth $227,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of WHR. Vanguard Group Inc. boosted its stake in Whirlpool by 2.4% in the first quarter. Vanguard Group Inc. now owns 7,290,778 shares of the company’s stock worth $1,249,128,000 after buying an additional 170,267 shares during the last quarter. BlackRock Inc. boosted its stake in Whirlpool by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after buying an additional 4,844,832 shares during the last quarter. State Street Corp boosted its stake in Whirlpool by 1.7% in the first quarter. State Street Corp now owns 3,611,514 shares of the company’s stock worth $618,757,000 after buying an additional 60,274 shares during the last quarter. Greenhaven Associates Inc. boosted its stake in Whirlpool by 1.9% in the first quarter. Greenhaven Associates Inc. now owns 2,719,870 shares of the company’s stock worth $465,995,000 after buying an additional 51,255 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Whirlpool by 3.3% in the first quarter. OppenheimerFunds Inc. now owns 1,925,455 shares of the company’s stock worth $329,889,000 after buying an additional 61,803 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.
Shares of Whirlpool Co. (WHR) traded down 0.29% on Friday, reaching $171.24. 611,032 shares of the company were exchanged. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 17.14 and a beta of 1.79. The firm’s 50 day moving average price is $186.34 and its 200 day moving average price is $180.96. Whirlpool Co. has a 52 week low of $145.91 and a 52 week high of $202.99.
Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.54 by $0.19. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool had a return on equity of 15.88% and a net margin of 3.35%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 EPS. Equities research analysts anticipate that Whirlpool Co. will post $14.63 EPS for the current year.
Whirlpool announced that its board has authorized a stock repurchase program on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 16.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
WHR has been the topic of a number of recent analyst reports. BidaskClub cut shares of Whirlpool from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Credit Suisse Group initiated coverage on shares of Whirlpool in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $216.00 price target on shares of Whirlpool in a report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Whirlpool presently has a consensus rating of “Hold” and an average price target of $194.71.
In related news, Director William D. Perez bought 1,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now owns 7,239 shares in the company, valued at $1,280,796.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.69% of the stock is currently owned by insiders.
Whirlpool 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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