Whirlpool Corporation (WHR) Stake Lessened by Cambria Investment Management L.P.
Cambria Investment Management L.P. trimmed its stake in shares of Whirlpool Corporation (NYSE:WHR) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,290 shares of the company’s stock after selling 1,010 shares during the quarter. Cambria Investment Management L.P.’s holdings in Whirlpool Corporation were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Whirlpool Corporation by 0.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock worth $21,534,000 after acquiring an additional 1,038 shares in the last quarter. Homrich & Berg boosted its position in shares of Whirlpool Corporation by 16.6% in the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock worth $600,000 after buying an additional 446 shares during the period. BT Investment Management Ltd acquired a new stake in shares of Whirlpool Corporation in the second quarter worth $2,065,000. Greenhaven Associates Inc. boosted its position in shares of Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock worth $524,493,000 after buying an additional 17,280 shares during the period. Finally, Swiss National Bank boosted its position in shares of Whirlpool Corporation by 2.1% in the second quarter. Swiss National Bank now owns 271,865 shares of the company’s stock worth $52,095,000 after buying an additional 5,700 shares during the period. Hedge funds and other institutional investors own 91.47% of the company’s stock.
In other news, Director William D. Perez bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.69% of the company’s stock.
Whirlpool Corporation (NYSE:WHR) traded up 0.95% on Friday, reaching $178.78. 593,356 shares of the company traded hands. The company has a market capitalization of $13.05 billion, a PE ratio of 17.89 and a beta of 1.76. The stock has a 50-day moving average of $175.80 and a 200 day moving average of $180.58. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.19). Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm earned $3.50 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 44.04%.
Whirlpool Corporation announced that its Board of Directors has authorized a stock buyback plan on Wednesday, July 26th that permits the company to buyback $2.35 billion in shares. This buyback authorization permits the company to buy up to 16.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Several brokerages have recently commented on WHR. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $216.00 target price (down previously from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. Credit Suisse Group started coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. BidaskClub cut Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Whirlpool Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, ValuEngine upgraded Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Whirlpool Corporation has an average rating of “Hold” and an average target price of $192.17.
Whirlpool Corporation 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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