Point View Wealth Management Inc. cut its stake in shares of Whirlpool Corp. (NYSE:WHR) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,967 shares of the company’s stock after selling 6 shares during the period. Point View Wealth Management Inc.’s holdings in Whirlpool Corp. were worth $968,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. FineMark National Bank & Trust boosted its stake in shares of Whirlpool Corp. by 65.8% in the second quarter. FineMark National Bank & Trust now owns 645 shares of the company’s stock valued at $108,000 after buying an additional 256 shares during the last quarter. NEXT Financial Group Inc raised its position in Whirlpool Corp. by 13.8% in the third quarter. NEXT Financial Group Inc now owns 677 shares of the company’s stock valued at $110,000 after buying an additional 82 shares during the period. Winslow Evans & Crocker Inc. raised its position in Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock valued at $117,000 after buying an additional 76 shares during the period. Financial Architects Inc raised its position in Whirlpool Corp. by 142.4% in the third quarter. Financial Architects Inc now owns 737 shares of the company’s stock valued at $120,000 after buying an additional 433 shares during the period. Finally, Barnett & Company Inc. acquired a new position in Whirlpool Corp. during the first quarter valued at approximately $126,000. Institutional investors and hedge funds own 90.02% of the company’s stock.
Whirlpool Corp. (NYSE:WHR) traded up 0.18% during trading on Friday, hitting $165.61. The company had a trading volume of 173,089 shares. Whirlpool Corp. has a 12 month low of $123.60 and a 12 month high of $194.10. The company has a market cap of $12.44 billion, a PE ratio of 14.48 and a beta of 1.94. The company’s 50 day moving average price is $159.82 and its 200-day moving average price is $171.24.
Whirlpool Corp. (NYSE:WHR) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.88 by $0.22. Whirlpool Corp. had a return on equity of 18.64% and a net margin of 4.31%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the company posted $3.45 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts expect that Whirlpool Corp. will post $14.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $4.00 dividend on an annualized basis and a yield of 2.42%. Whirlpool Corp.’s dividend payout ratio (DPR) is 34.93%.
WHR has been the topic of several recent analyst reports. Zacks Investment Research lowered Whirlpool Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. Gabelli lowered Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $182.00 target price on shares of Whirlpool Corp. in a report on Thursday, October 27th. Finally, MKM Partners lowered Whirlpool Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the company from $215.00 to $176.00 in a report on Monday, October 17th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Whirlpool Corp. has an average rating of “Buy” and a consensus price target of $189.86.
In related news, insider David T. Szczupak sold 10,307 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the completion of the sale, the insider now directly owns 4,807 shares of the company’s stock, valued at approximately $871,653.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.62% of the company’s stock.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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