Victory Capital Management Inc. increased its position in Whirlpool Corporation (NYSE:WHR) by 16.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,152 shares of the company’s stock after buying an additional 1,122 shares during the period. Victory Capital Management Inc.’s holdings in Whirlpool Corporation were worth $1,562,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Alethea Capital Management LLC acquired a new position in Whirlpool Corporation in the second quarter worth approximately $1,776,000. State Board of Administration of Florida Retirement System increased its holdings in Whirlpool Corporation by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock worth $21,534,000 after buying an additional 1,038 shares during the last quarter. KBC Group NV increased its holdings in Whirlpool Corporation by 17.9% in the second quarter. KBC Group NV now owns 8,387 shares of the company’s stock worth $1,607,000 after buying an additional 1,271 shares during the last quarter. Legal & General Group Plc increased its holdings in Whirlpool Corporation by 3.5% in the second quarter. Legal & General Group Plc now owns 399,705 shares of the company’s stock worth $76,585,000 after buying an additional 13,620 shares during the last quarter. Finally, IMS Capital Management increased its holdings in Whirlpool Corporation by 11.7% in the second quarter. IMS Capital Management now owns 4,495 shares of the company’s stock worth $861,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.
A number of equities analysts recently commented on the company. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “top pick” rating and issued a $216.00 price objective (down previously from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. ValuEngine downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Credit Suisse Group assumed coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price objective on the stock. Seven investment 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 company. The stock presently has an average rating of “Hold” and a consensus target price of $194.71.
Whirlpool Corporation (NYSE WHR) opened at 173.60 on Tuesday. The firm’s 50-day moving average price is $174.24 and its 200 day moving average price is $180.20. 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 $12.67 billion, a P/E ratio of 17.38 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last released its earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by $0.19. The firm had revenue of $5.35 billion during 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%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 EPS. On average, equities research analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.53%. The ex-dividend date is Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is 44.04%.
Whirlpool Corporation declared that its board has authorized a stock buyback program on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
In other news, Director William D. Perez bought 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the purchase, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 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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