FTB Advisors Inc. Has $309,000 Holdings in Whirlpool Corporation (WHR)
FTB Advisors Inc. trimmed its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,618 shares of the company’s stock after selling 53 shares during the period. FTB Advisors Inc.’s holdings in Whirlpool Corporation were worth $309,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Whirlpool Corporation by 0.3% during the second quarter. Vanguard Group Inc. now owns 7,314,502 shares of the company’s stock valued at $1,401,605,000 after buying an additional 23,724 shares during the period. BlackRock Inc. boosted its position in Whirlpool Corporation by 3,484.6% during 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 during the period. State Street Corp boosted its position in Whirlpool Corporation by 1.7% during 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 during the period. Greenhaven Associates Inc. boosted its position in Whirlpool Corporation by 0.6% during the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after buying an additional 17,280 shares during the period. Finally, Harris Associates L P boosted its position in Whirlpool Corporation by 12.5% during the second quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock valued at $417,892,000 after buying an additional 241,659 shares during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.
In related news, Director William D. Perez acquired 1,000 shares of the stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.69% of the stock is owned by insiders.
Several research firms have issued reports on WHR. MKM Partners set a $177.00 price target on shares of Whirlpool Corporation and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research upgraded shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group started coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price for the company. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Whirlpool Corporation currently has a consensus rating of “Buy” and an average price target of $193.33.
Whirlpool Corporation (NYSE:WHR) traded down 1.15% during mid-day trading on Friday, hitting $181.33. 794,964 shares of the stock were exchanged. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The company’s 50-day moving average price is $174.46 and its 200 day moving average price is $180.31. The firm has a market capitalization of $13.23 billion, a price-to-earnings ratio of 18.15 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate 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 posted $3.50 earnings per share. Equities research analysts expect that Whirlpool Corporation will post $14.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $4.40 annualized dividend and a yield of 2.43%. Whirlpool Corporation’s dividend payout ratio (DPR) is 44.04%.
Whirlpool Corporation announced that its board has initiated a stock repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
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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