Daiwa Securities Group Inc. held its position in Whirlpool Corp. (NYSE:WHR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,300 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Whirlpool Corp. were worth $383,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Whirlpool Corp. by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock valued at $112,000 after buying an additional 36 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock valued at $117,000 after buying an additional 76 shares during the last quarter. Barnett & Company Inc. bought a new stake in Whirlpool Corp. during the first quarter valued at approximately $126,000. First Manhattan Co. increased its stake in Whirlpool Corp. by 80.0% in the second quarter. First Manhattan Co. now owns 810 shares of the company’s stock valued at $134,000 after buying an additional 360 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Whirlpool Corp. during the first quarter valued at approximately $182,000. 89.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Whirlpool Corp. (NYSE:WHR) traded up 1.13% during midday trading on Friday, reaching $162.16. The company’s stock had a trading volume of 628,249 shares. The firm has a 50-day moving average of $173.21 and a 200-day moving average of $176.75. The stock has a market cap of $12.23 billion, a PE ratio of 14.37 and a beta of 1.71. Whirlpool Corp. has a one year low of $123.60 and a one year high of $194.10.
Whirlpool Corp. (NYSE:WHR) last released its quarterly earnings data on Friday, July 22nd. The company reported $3.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.37 by $0.13. The firm earned $5.21 billion during the quarter, compared to the consensus estimate of $5.13 billion. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.70 earnings per share. On average, analysts forecast that Whirlpool Corp. will post $14.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.47%. Whirlpool Corp.’s dividend payout ratio is 35.40%.
WHR has been the subject of several recent analyst reports. Bank of America Corp. reissued a “buy” rating and issued a $230.00 price objective on shares of Whirlpool Corp. in a report on Wednesday, June 8th. MKM Partners increased their price objective on Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 25th. Raymond James Financial Inc. raised Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a report on Monday, July 25th. Gabelli downgraded Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Finally, Zacks Investment Research downgraded Whirlpool Corp. from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $198.50.
In other news, Chairman Jeff M. Fettig sold 91,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $189.42, for a total transaction of $17,237,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joao Carlos Brega sold 14,166 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $193.43, for a total value of $2,740,129.38. Following the sale, the insider now owns 29,043 shares of the company’s stock, valued at approximately $5,617,787.49. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.
About Whirlpool Corp.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Corp. (NYSE:WHR).
Receive News & Ratings for Whirlpool Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool Corp. and related companies with MarketBeat.com's FREE daily email newsletter.