Axa Buys 100 Shares of Whirlpool Corporation (WHR)
Axa boosted its stake in shares of Whirlpool Corporation (NYSE:WHR) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,223 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Axa’s holdings in Whirlpool Corporation were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in Whirlpool Corporation by 28.5% during the second quarter. Franklin Resources Inc. now owns 2,240 shares of the company’s stock valued at $429,000 after purchasing an additional 497 shares in the last quarter. CIBC World Markets Inc. bought a new stake in Whirlpool Corporation during the second quarter valued at about $6,956,000. Private Advisor Group LLC boosted its position in Whirlpool Corporation by 9.0% during the second quarter. Private Advisor Group LLC now owns 4,142 shares of the company’s stock valued at $799,000 after purchasing an additional 342 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Whirlpool Corporation during the second quarter valued at about $459,000. Finally, Gareth Morgan Investments Limited Partnership bought a new stake in Whirlpool Corporation during the second quarter valued at about $1,292,000. 91.47% of the stock is currently owned by institutional investors.
Shares of Whirlpool Corporation (WHR) opened at 175.23 on Friday. The firm has a 50-day moving average price of $172.40 and a 200 day moving average price of $179.94. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm has a market cap of $12.79 billion, a P/E ratio of 17.54 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.50 earnings per share. On average, analysts forecast that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $4.40 annualized dividend and a dividend yield of 2.51%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
Whirlpool Corporation declared that its board has initiated a stock buyback program on Wednesday, July 26th that allows the company to buyback $2.35 billion in shares. This buyback authorization allows the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
A number of equities research analysts recently weighed in on WHR shares. Credit Suisse Group started coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective on the stock. ValuEngine downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Six equities research 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. The stock has an average rating of “Hold” and an average target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of the stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost 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 approximately $1,280,796.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.69% of the company’s stock.
Whirlpool Corporation 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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