Fishman Jay A Ltd. MI Has $7.02 Million Stake in Whirlpool Corporation (WHR)
Fishman Jay A Ltd. MI raised its stake in Whirlpool Corporation (NYSE:WHR) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,616 shares of the company’s stock after buying an additional 166 shares during the period. Whirlpool Corporation comprises approximately 1.5% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 19th largest position. Fishman Jay A Ltd. MI’s holdings in Whirlpool Corporation were worth $7,016,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Macquarie Group Ltd. increased its stake in Whirlpool Corporation by 72.0% in the fourth quarter. Macquarie Group Ltd. now owns 4,300 shares of the company’s stock valued at $782,000 after buying an additional 1,800 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Whirlpool Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 23,001 shares of the company’s stock valued at $3,940,000 after buying an additional 270 shares in the last quarter. National Pension Service increased its stake in Whirlpool Corporation by 11.0% in the first quarter. National Pension Service now owns 73,548 shares of the company’s stock valued at $12,514,000 after buying an additional 7,307 shares in the last quarter. Bank of Montreal Can increased its stake in Whirlpool Corporation by 6.9% in the first quarter. Bank of Montreal Can now owns 98,024 shares of the company’s stock valued at $16,795,000 after buying an additional 6,347 shares in the last quarter. Finally, Regentatlantic Capital LLC increased its stake in Whirlpool Corporation by 7.3% in the first quarter. Regentatlantic Capital LLC now owns 3,992 shares of the company’s stock valued at $684,000 after buying an additional 270 shares in the last quarter. Institutional investors own 94.26% of the company’s stock.
Shares of Whirlpool Corporation (WHR) opened at 173.65 on Tuesday. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The company has a market capitalization of $12.67 billion, a P/E ratio of 17.38 and a beta of 1.79. The stock has a 50 day moving average price of $185.91 and a 200-day moving average price of $180.83.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Zacks’ consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the business posted $3.50 EPS. Whirlpool Corporation’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts predict that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has approved a share buyback program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
WHR has been the topic of several analyst reports. Zacks Investment Research downgraded Whirlpool Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a report on Friday, June 2nd. Credit Suisse Group initiated coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective on the stock. Finally, BidaskClub downgraded Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $194.71.
In other news, Director William D. Perez acquired 1,000 shares of Whirlpool Corporation stock in a transaction on Monday, July 31st. The stock was bought at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.69% of the stock is currently owned by company insiders.
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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