Whirlpool Corporation (WHR) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Whirlpool Corporation (NYSE:WHR) by 9.2% during the first quarter, Holdings Channel reports. The firm owned 742,589 shares of the company’s stock after buying an additional 62,454 shares during the period. Geode Capital Management LLC’s holdings in Whirlpool Corporation were worth $127,051,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Global X Management Co. LLC increased its position in shares of Whirlpool Corporation by 33.1% in the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after buying an additional 246 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Whirlpool Corporation during the first quarter worth about $196,000. LLBH Private Wealth Management LLC increased its position in shares of Whirlpool Corporation by 0.4% in the first quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock worth $202,000 after buying an additional 5 shares during the period. Scout Investments Inc. acquired a new position in shares of Whirlpool Corporation during the first quarter worth about $206,000. Finally, Narus Financial Partners LLC acquired a new position in shares of Whirlpool Corporation during the fourth quarter worth about $213,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

Whirlpool Corporation (NYSE:WHR) traded down 2.99% during midday trading on Friday, hitting $189.32. The stock had a trading volume of 342,282 shares. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 16.30 and a beta of 1.76. The company has a 50-day moving average price of $186.88 and a 200-day moving average price of $179.23. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99.

Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Monday, April 24th. The company reported $2.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.65 by $0.15. Whirlpool Corporation had a net margin of 4.27% and a return on equity of 18.37%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts anticipate that Whirlpool Corporation will post $15.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 19th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $4.40 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Whirlpool Corporation’s previous quarterly dividend of $1.00. Whirlpool Corporation’s payout ratio is currently 37.87%.

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A number of equities analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $216.00 price target (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday. Zacks Investment Research downgraded Whirlpool Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Finally, Credit Suisse Group assumed coverage on Whirlpool Corporation in a report on Thursday. They issued a “neutral” rating and a $208.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $193.50.

In related news, insider Marc R. Bitzer sold 19,314 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total transaction of $3,550,685.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.69% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WHR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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