Denver Investment Advisors LLC Has $1.56 Million Position in Whirlpool Corporation (WHR)
Denver Investment Advisors LLC decreased its position in shares of Whirlpool Corporation (NYSE:WHR) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,159 shares of the company’s stock after selling 100 shares during the period. Denver Investment Advisors LLC’s holdings in Whirlpool Corporation were worth $1,563,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of WHR. Capstone Asset Management Co. boosted its position in shares of Whirlpool Corporation by 8.0% in the first quarter. Capstone Asset Management Co. now owns 9,164 shares of the company’s stock worth $1,570,000 after buying an additional 678 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of Whirlpool Corporation during the first quarter worth about $1,312,000. Trinity Street Asset Management LLP boosted its position in shares of Whirlpool Corporation by 4.7% in the second quarter. Trinity Street Asset Management LLP now owns 235,721 shares of the company’s stock worth $45,168,000 after buying an additional 10,667 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Whirlpool Corporation by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 128,710 shares of the company’s stock worth $22,052,000 after buying an additional 3,010 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Whirlpool Corporation by 7.5% in the first quarter. Pictet Asset Management Ltd. now owns 44,441 shares of the company’s stock worth $7,615,000 after buying an additional 3,100 shares during the last quarter. 94.26% of the stock is owned by institutional investors.
Whirlpool Corporation (NYSE:WHR) opened at 171.49 on Friday. The company has a 50 day moving average price of $184.51 and a 200-day moving average price of $180.73. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The company has a market capitalization of $12.52 billion, a PE ratio of 17.16 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data 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 business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $3.50 earnings per share. On average, analysts anticipate that Whirlpool Corporation will post $14.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 44.04%.
Whirlpool Corporation announced that its board has authorized a stock repurchase plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
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WHR has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a report on Friday, June 2nd. BidaskClub cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of Whirlpool Corporation stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, with a total value of $176,930.00. Following the completion of the purchase, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.69% of the company’s stock.
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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