Whirlpool Corporation (WHR) Shares Sold by TLP Group LLC
TLP Group LLC lessened its stake in Whirlpool Corporation (NYSE:WHR) by 77.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,437 shares of the company’s stock after selling 4,918 shares during the quarter. TLP Group LLC’s holdings in Whirlpool Corporation were worth $275,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Whirlpool Corporation by 0.3% in the second quarter. Vanguard Group Inc. now owns 7,314,502 shares of the company’s stock valued at $1,401,605,000 after buying an additional 23,724 shares during the period. BlackRock Inc. boosted its holdings in shares of Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock valued at $853,885,000 after buying an additional 4,844,832 shares during the period. State Street Corp boosted its holdings in shares of Whirlpool Corporation by 1.7% in the first quarter. State Street Corp now owns 3,611,514 shares of the company’s stock valued at $618,757,000 after buying an additional 60,274 shares during the period. Greenhaven Associates Inc. boosted its holdings in shares of Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after buying an additional 17,280 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Whirlpool Corporation by 3.3% in the first quarter. OppenheimerFunds Inc. now owns 1,925,455 shares of the company’s stock valued at $329,889,000 after buying an additional 61,803 shares during the period. Institutional investors own 91.47% of the company’s stock.
Shares of Whirlpool Corporation (NYSE:WHR) traded up 1.47% on Friday, reaching $175.23. 939,925 shares of the company traded hands. The company has a market capitalization of $12.79 billion, a PE ratio of 17.54 and a beta of 1.77. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm has a 50-day moving average price of $172.40 and a 200 day moving average price of $179.94.
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). Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. Equities analysts forecast that Whirlpool Corporation will post $14.63 EPS for the current fiscal year.
Whirlpool Corporation announced that its board has initiated a stock repurchase plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.51%. The ex-dividend date was Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is currently 44.04%.
Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “top pick” rating and issued a $216.00 price target (down previously from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. Credit Suisse Group assumed coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target for the company. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, ValuEngine cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $194.71.
In other Whirlpool Corporation 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 acquired 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 approximately $1,280,796.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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