Csenge Advisory Group Buys New Holdings in Whirlpool Corporation (WHR)
Csenge Advisory Group bought a new position in Whirlpool Corporation (NYSE:WHR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,970 shares of the company’s stock, valued at approximately $548,000.
Other institutional investors have also recently modified their holdings of the company. LLBH Private Wealth Management LLC grew its stake in shares of Whirlpool Corporation by 0.5% in the second quarter. LLBH Private Wealth Management LLC now owns 1,183 shares of the company’s stock worth $227,000 after acquiring an additional 6 shares during the period. Savant Capital LLC grew its stake in shares of Whirlpool Corporation by 0.3% in the second quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock worth $534,000 after acquiring an additional 9 shares during the period. QS Investors LLC grew its stake in shares of Whirlpool Corporation by 0.4% in the second quarter. QS Investors LLC now owns 2,355 shares of the company’s stock worth $451,000 after acquiring an additional 10 shares during the period. Bollard Group LLC grew its stake in shares of Whirlpool Corporation by 0.6% in the second quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock worth $416,000 after acquiring an additional 12 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Whirlpool Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock worth $1,364,000 after acquiring an additional 21 shares during the period. 91.70% of the stock is owned by institutional investors and hedge funds.
Whirlpool Corporation (NYSE WHR) traded down $0.56 on Friday, hitting $163.86. 951,281 shares of the company’s stock were exchanged, compared to its average volume of 1,423,689. Whirlpool Corporation has a fifty-two week low of $150.29 and a fifty-two week high of $202.99. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.59 and a beta of 1.87. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.
Whirlpool Corporation (NYSE:WHR) last announced its earnings results on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the firm earned $3.66 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. equities research analysts expect that Whirlpool Corporation will post 13.7 EPS for the current year.
Whirlpool Corporation declared that its Board of Directors has authorized a share repurchase plan on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to buy up to 16.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s payout ratio is 41.51%.
A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Credit Suisse Group set a $187.00 price target on shares of Whirlpool Corporation and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada lowered shares of Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and reduced their price target for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Bank of America Corporation lowered shares of Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $183.00 target price for the company. in a research report on Tuesday, October 24th. Finally, BidaskClub lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $184.67.
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Whirlpool Corporation 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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