LLBH Private Wealth Management LLC Has $227,000 Stake in Whirlpool Corporation (WHR)
LLBH Private Wealth Management LLC boosted its position in Whirlpool Corporation (NYSE:WHR) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 1,183 shares of the company’s stock after buying an additional 6 shares during the period. LLBH Private Wealth Management LLC’s holdings in Whirlpool Corporation were worth $227,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in WHR. BlackRock Inc. boosted 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 during the last quarter. Levin Capital Strategies L.P. bought a new position in Whirlpool Corporation during the first quarter valued at $113,386,000. Findlay Park Partners LLP boosted its position in Whirlpool Corporation by 333.3% in the first quarter. Findlay Park Partners LLP now owns 650,000 shares of the company’s stock valued at $111,365,000 after buying an additional 500,000 shares during the last quarter. SG Americas Securities LLC boosted its position in Whirlpool Corporation by 105.1% in the first quarter. SG Americas Securities LLC now owns 22,554 shares of the company’s stock valued at $3,864,000 after buying an additional 464,224 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Whirlpool Corporation by 17.2% in the first quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock valued at $306,280,000 after buying an additional 262,246 shares during the last quarter. 94.26% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Corporation (WHR) opened at 173.19 on Wednesday. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 17.33 and a beta of 1.79. The firm’s 50-day moving average is $185.41 and its 200 day moving average is $180.85.
Whirlpool Corporation (NYSE:WHR) last released its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (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 business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the company earned $3.50 EPS. Whirlpool Corporation’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Whirlpool Corporation will post $14.63 EPS for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has initiated a share buyback plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is 44.04%.
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Several equities analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 target price (down from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of 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 issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $194.71.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average price of $176.93 per share, with a total value 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 $1,280,796.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.69% of the stock is owned by corporate 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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