Whirlpool Co. (WHR) Shares Sold by AMP Capital Investors Ltd
AMP Capital Investors Ltd decreased its stake in shares of Whirlpool Co. (NYSE:WHR) by 50.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,396 shares of the company’s stock after selling 26,698 shares during the period. AMP Capital Investors Ltd’s holdings in Whirlpool were worth $3,859,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Flinton Capital Management LLC raised its stake in Whirlpool by 1.8% in the 2nd quarter. Flinton Capital Management LLC now owns 30,604 shares of the company’s stock worth $4,475,000 after purchasing an additional 532 shares in the last quarter. Laurion Capital Management LP acquired a new stake in Whirlpool in the 2nd quarter worth about $1,012,000. CSat Investment Advisory L.P. acquired a new stake in Whirlpool in the 2nd quarter worth about $455,000. Oregon Public Employees Retirement Fund acquired a new stake in Whirlpool in the 2nd quarter worth about $5,148,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Whirlpool by 227.7% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,500 shares of the company’s stock worth $2,559,000 after purchasing an additional 12,160 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on WHR shares. Credit Suisse Group upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $170.00 to $195.00 in a research note on Monday, June 4th. JPMorgan Chase & Co. dropped their price objective on shares of Whirlpool from $210.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, June 1st. ValuEngine cut shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Longbow Research cut shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price objective for the company. in a research note on Tuesday, July 24th. Finally, Royal Bank of Canada cut shares of Whirlpool from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Whirlpool currently has a consensus rating of “Hold” and an average price target of $174.75.
Whirlpool (NYSE:WHR) last issued its earnings results on Monday, July 23rd. The company reported $3.20 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.43). The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.29 billion. Whirlpool had a negative net margin of 2.62% and a positive return on equity of 20.73%. Whirlpool’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.35 earnings per share. research analysts expect that Whirlpool Co. will post 14.2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Stockholders of record on Friday, August 31st were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Thursday, August 30th. Whirlpool’s payout ratio is presently 33.48%.
In other news, Director Diane M. Dietz bought 1,600 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was bought at an average cost of $124.26 per share, for a total transaction of $198,816.00. Following the transaction, the director now owns 8,339 shares of the company’s stock, valued at $1,036,204.14. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.83% of the stock is currently owned by insiders.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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