Whirlpool Corporation (WHR) Stake Lessened by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. cut its holdings in Whirlpool Corporation (NYSE:WHR) by 35.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,390 shares of the company’s stock after selling 24,700 shares during the period. Icon Advisers Inc. Co. owned about 0.06% of Whirlpool Corporation worth $8,506,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new position in shares of Whirlpool Corporation in the second quarter valued at approximately $100,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Whirlpool Corporation by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after acquiring an additional 135 shares in the last quarter. Global X Management Co. LLC grew its holdings in shares of Whirlpool Corporation by 33.1% in the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after acquiring an additional 246 shares in the last quarter. LLBH Private Wealth Management LLC grew its holdings in shares of Whirlpool Corporation by 0.4% in the first quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock valued at $202,000 after acquiring an additional 5 shares in the last quarter. Finally, IBM Retirement Fund bought a new position in shares of Whirlpool Corporation in the second quarter valued at approximately $205,000. 91.53% of the stock is owned by institutional investors.
In other news, Director William D. Perez purchased 1,000 shares of Whirlpool Corporation stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of $176.93 per share, with a total value of $176,930.00. Following the completion of the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.69% of the stock is owned by company insiders.
WHR has been the subject of several recent analyst reports. BidaskClub lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Credit Suisse Group initiated coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price for the company. ValuEngine lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $216.00 target price on shares of Whirlpool Corporation in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Whirlpool Corporation currently has a consensus rating of “Hold” and an average price target of $194.71.
Whirlpool Corporation (WHR) traded down 1.43% during trading on Wednesday, reaching $173.81. The company had a trading volume of 166,811 shares. The firm’s 50 day moving average price is $174.23 and its 200 day moving average price is $180.16. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The firm has a market capitalization of $12.68 billion, a PE ratio of 17.40 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. Whirlpool Corporation’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $3.50 EPS. Equities research analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current year.
Whirlpool Corporation announced that its board has approved a share repurchase program on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes the company to buy up to 16.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio (DPR) is currently 44.04%.
Whirlpool Corporation 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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