FDx Advisors Inc. Cuts Position in Whirlpool Co. (WHR)
FDx Advisors Inc. reduced its stake in shares of Whirlpool Co. (NYSE:WHR) by 21.5% in the 4th quarter, Holdings Channel reports. The firm owned 2,085 shares of the company’s stock after selling 570 shares during the quarter. FDx Advisors Inc.’s holdings in Whirlpool were worth $352,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of WHR. Boyd Watterson Asset Management LLC OH raised its holdings in Whirlpool by 5.3% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 5,968 shares of the company’s stock valued at $1,006,000 after acquiring an additional 301 shares during the last quarter. Commonwealth Equity Services Inc raised its holdings in Whirlpool by 5.3% in the 3rd quarter. Commonwealth Equity Services Inc now owns 6,285 shares of the company’s stock valued at $1,159,000 after acquiring an additional 317 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Whirlpool by 3.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,929 shares of the company’s stock valued at $1,623,000 after acquiring an additional 323 shares during the last quarter. Condor Capital Management raised its holdings in Whirlpool by 3.3% in the 4th quarter. Condor Capital Management now owns 10,733 shares of the company’s stock valued at $1,810,000 after acquiring an additional 343 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Whirlpool by 49.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,051 shares of the company’s stock valued at $177,000 after acquiring an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.
Several research analysts have weighed in on the company. KeyCorp reiterated an “equal weight” rating on shares of Whirlpool in a report on Monday, January 29th. Royal Bank of Canada boosted their price target on Whirlpool to $200.00 and gave the company an “in-line” rating in a report on Monday, January 29th. Raymond James Financial upgraded Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a report on Friday, January 26th. UBS Group upgraded Whirlpool from a “market perform” rating to an “outperform” rating in a report on Friday, January 26th. Finally, Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $189.40.
Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $4.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.01 by $0.09. Whirlpool had a net margin of 1.65% and a return on equity of 18.36%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same period in the previous year, the company earned $4.33 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. sell-side analysts predict that Whirlpool Co. will post 15.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a dividend of $1.10 per share. The ex-dividend date is Thursday, March 1st. This represents a $4.40 annualized dividend and a dividend yield of 2.77%. Whirlpool’s dividend payout ratio is presently 96.49%.
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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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