Bp Plc Has $1,917,000 Stake in Whirlpool Corporation (NYSE:WHR)
Bp Plc maintained its position in shares of Whirlpool Corporation (NYSE:WHR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company’s stock at the end of the second quarter. Bp Plc’s holdings in Whirlpool Corporation were worth $1,917,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Whirlpool Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 7,290,778 shares of the company’s stock valued at $1,249,128,000 after buying an additional 170,267 shares in the last quarter. BlackRock Inc. raised its position in Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock valued at $853,885,000 after buying an additional 4,844,832 shares in the last quarter. State Street Corp raised its position in Whirlpool Corporation by 1.7% in the first quarter. State Street Corp now owns 3,611,514 shares of the company’s stock valued at $618,757,000 after buying an additional 60,274 shares in the last quarter. Greenhaven Associates Inc. raised its position in Whirlpool Corporation by 1.9% in the first quarter. Greenhaven Associates Inc. now owns 2,719,870 shares of the company’s stock valued at $465,995,000 after buying an additional 51,255 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in Whirlpool Corporation by 3.3% in the first quarter. OppenheimerFunds Inc. now owns 1,925,455 shares of the company’s stock valued at $329,889,000 after buying an additional 61,803 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.
Whirlpool Corporation (WHR) opened at 171.74 on Friday. The stock has a 50 day moving average price of $187.02 and a 200 day moving average price of $181.07. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 17.19 and a beta of 1.79. 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 data on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.54 by $0.19. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. Analysts anticipate that Whirlpool Corporation will post $14.63 EPS for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has approved a share buyback plan on Wednesday, July 26th that permits the company to buyback $2.35 billion in outstanding shares. This buyback authorization permits the company to buy up to 16.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
WHR has been the topic of several recent research reports. Credit Suisse Group initiated coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $216.00 price target on shares of Whirlpool Corporation in a research report on Friday, June 2nd. BidaskClub lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Whirlpool Corporation presently has a consensus rating of “Hold” and an average price target of $194.71.
In related news, Director William D. Perez acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the acquisition, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.
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