Bremer Trust National Association Sells 787 Shares of Whirlpool Corporation (WHR)
Bremer Trust National Association decreased its stake in shares of Whirlpool Corporation (NYSE:WHR) by 6.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,974 shares of the company’s stock after selling 787 shares during the period. Bremer Trust National Association’s holdings in Whirlpool Corporation were worth $2,024,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of WHR. Harris Associates L P lifted its holdings in Whirlpool Corporation by 12.5% during the 2nd quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after purchasing an additional 241,659 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Whirlpool Corporation by 136.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after purchasing an additional 233,661 shares in the last quarter. PGGM Investments lifted its holdings in Whirlpool Corporation by 283.7% during the 2nd quarter. PGGM Investments now owns 187,319 shares of the company’s stock worth $35,894,000 after purchasing an additional 138,502 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Whirlpool Corporation by 83.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 294,996 shares of the company’s stock worth $56,527,000 after purchasing an additional 134,159 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Whirlpool Corporation by 7.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,837,517 shares of the company’s stock worth $338,912,000 after purchasing an additional 122,189 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.
Whirlpool Corporation (WHR) traded up 0.9387% during mid-day trading on Tuesday, hitting $163.1775. The company’s stock had a trading volume of 461,514 shares. The stock has a market cap of $11.91 billion, a P/E ratio of 16.3324 and a beta of 1.76. Whirlpool Corporation has a 52-week low of $149.53 and a 52-week high of $202.99. The company’s 50 day moving average is $175.91 and its 200-day moving average is $180.95.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the previous year, the firm earned $3.66 earnings per share. Whirlpool Corporation’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts predict that Whirlpool Corporation will post $13.79 EPS for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors 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 purchase up to 16.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.72%. Whirlpool Corporation’s dividend payout ratio is currently 41.47%.
WHR has been the topic of a number of recent research reports. ValuEngine raised Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut Whirlpool Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Royal Bank Of Canada reissued a “buy” rating and set a $209.00 price objective on shares of Whirlpool Corporation in a report on Tuesday, October 10th. MKM Partners set a $177.00 price objective on Whirlpool Corporation and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $184.67.
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Whirlpool Corporation 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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