Fmr LLC Lowers Position in Whirlpool Co. (WHR)
Fmr LLC trimmed its holdings in Whirlpool Co. (NYSE:WHR) by 87.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,124 shares of the company’s stock after selling 212,385 shares during the period. Fmr LLC’s holdings in Whirlpool were worth $4,259,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Whirlpool by 2.6% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,055,986 shares of the company’s stock valued at $314,791,000 after acquiring an additional 51,438 shares during the last quarter. LSV Asset Management grew its stake in Whirlpool by 12.1% in the 2nd quarter. LSV Asset Management now owns 1,899,080 shares of the company’s stock valued at $277,702,000 after acquiring an additional 205,203 shares during the last quarter. Newport Trust Co grew its stake in Whirlpool by 1.7% in the 2nd quarter. Newport Trust Co now owns 1,377,818 shares of the company’s stock valued at $201,478,000 after acquiring an additional 23,169 shares during the last quarter. Iridian Asset Management LLC CT acquired a new stake in Whirlpool in the 2nd quarter valued at about $125,557,000. Finally, Levin Capital Strategies L.P. grew its stake in Whirlpool by 13.1% in the 2nd quarter. Levin Capital Strategies L.P. now owns 825,876 shares of the company’s stock valued at $120,768,000 after acquiring an additional 95,405 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Diane M. Dietz purchased 1,600 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were bought at an average cost of $124.26 per share, with a total value of $198,816.00. Following the purchase, the director now directly owns 8,339 shares of the company’s stock, valued at $1,036,204.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.83% of the stock is owned by company insiders.
Whirlpool stock opened at $103.85 on Friday. Whirlpool Co. has a 12-month low of $102.85 and a 12-month high of $187.47. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.90 and a beta of 1.54. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.59 and a current ratio of 0.92.
Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, July 23rd. The company reported $3.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.63 by ($0.43). Whirlpool had a positive return on equity of 20.73% and a negative net margin of 2.62%. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period in the prior year, the business earned $3.35 earnings per share. Whirlpool’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities research analysts expect that Whirlpool Co. will post 14.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Friday, August 31st were paid a dividend of $1.15 per share. The ex-dividend date was Thursday, August 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.43%. Whirlpool’s dividend payout ratio is currently 33.48%.
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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