Whirlpool Co. (WHR) Shares Bought by Pillar Pacific Capital Management LLC
Pillar Pacific Capital Management LLC raised its stake in shares of Whirlpool Co. (NYSE:WHR) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,491 shares of the company’s stock after buying an additional 870 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Whirlpool were worth $3,927,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kentucky Retirement Systems acquired a new position in Whirlpool during the fourth quarter valued at approximately $991,000. Capstone Asset Management Co. raised its position in Whirlpool by 8.0% in the first quarter. Capstone Asset Management Co. now owns 9,164 shares of the company’s stock valued at $1,570,000 after buying an additional 678 shares during the period. National Pension Service raised its position in Whirlpool by 11.0% in the first quarter. National Pension Service now owns 73,548 shares of the company’s stock valued at $12,514,000 after buying an additional 7,307 shares during the period. KCG Holdings Inc. acquired a new position in Whirlpool during the first quarter valued at approximately $1,312,000. Finally, Canada Pension Plan Investment Board raised its position in Whirlpool by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 128,710 shares of the company’s stock worth $22,052,000 after buying an additional 3,010 shares during the last quarter. 94.84% of the stock is owned by institutional investors and hedge funds.
Shares of Whirlpool Co. (NYSE WHR) traded down 0.29% during mid-day trading on Friday, hitting $171.24. 611,032 shares of the stock were exchanged. The company’s 50-day moving average is $186.34 and its 200-day moving average is $180.96. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 17.14 and a beta of 1.79. Whirlpool Co. has a 1-year low of $145.91 and a 1-year high of $202.99.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. Whirlpool had a return on equity of 15.88% and a net margin of 3.35%. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the company earned $3.50 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Whirlpool Co. will post $14.63 earnings per share for the current fiscal year.
Whirlpool declared that its board has authorized a stock repurchase program on Wednesday, July 26th that permits the company to buyback $2.35 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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A number of research firms have issued reports on WHR. Royal Bank Of Canada reissued a “top pick” rating and set a $216.00 target price (down from $226.00) on shares of Whirlpool in a research note on Tuesday, June 20th. Zacks Investment Research lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. BidaskClub lowered shares of Whirlpool from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Credit Suisse Group began coverage on shares of Whirlpool in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price for the company. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $194.71.
In related news, Director William D. Perez acquired 1,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.69% of the stock is owned by corporate insiders.
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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