Mackay Shields LLC reduced its position in Whirlpool Co. (NYSE:WHR) by 80.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,596 shares of the company’s stock after selling 43,452 shares during the quarter. Mackay Shields LLC’s holdings in Whirlpool were worth $1,678,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Markel Corp grew its position in Whirlpool by 7.9% in the 3rd quarter. Markel Corp now owns 256,099 shares of the company’s stock valued at $40,556,000 after acquiring an additional 18,780 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Whirlpool by 35.6% in the 3rd quarter. IFM Investors Pty Ltd now owns 6,602 shares of the company’s stock valued at $1,045,000 after buying an additional 1,735 shares during the period. ARP Americas LP boosted its stake in shares of Whirlpool by 82.3% in the 3rd quarter. ARP Americas LP now owns 11,300 shares of the company’s stock valued at $1,789,000 after buying an additional 5,100 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Whirlpool by 14.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 70,605 shares of the company’s stock valued at $11,157,000 after buying an additional 8,740 shares during the period. Finally, Hudock Capital Group LLC boosted its stake in shares of Whirlpool by 254.7% in the 3rd quarter. Hudock Capital Group LLC now owns 454 shares of the company’s stock valued at $71,000 after buying an additional 326 shares during the period. 94.45% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on WHR. Bank of America lifted their price objective on Whirlpool from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Buckingham Research set a $150.00 price objective on Whirlpool and gave the company a “hold” rating in a research note on Tuesday, October 15th. Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on Whirlpool from $172.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Gabelli reiterated a “hold” rating on shares of Whirlpool in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Whirlpool currently has an average rating of “Hold” and an average price target of $153.94.
WHR stock opened at $149.97 on Friday. The business has a 50 day moving average price of $156.23 and a 200 day moving average price of $142.77. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 2.40 and a beta of 1.78. Whirlpool Co. has a fifty-two week low of $99.40 and a fifty-two week high of $163.64. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.
Whirlpool (NYSE:WHR) last posted its earnings results on Tuesday, October 22nd. The company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.90 by $0.07. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Whirlpool had a return on equity of 28.06% and a net margin of 5.15%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.55 earnings per share. As a group, sell-side analysts anticipate that Whirlpool Co. will post 15.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, November 14th. Whirlpool’s payout ratio is 31.66%.
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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