Ngam Advisors L.P. reduced its stake in shares of Whirlpool Corporation (NYSE:WHR) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,725 shares of the company’s stock after selling 1,661 shares during the period. Ngam Advisors L.P. owned approximately 0.06% of Whirlpool Corporation worth $7,320,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in Whirlpool Corporation during the fourth quarter valued at approximately $265,000. Comerica Bank raised its position in Whirlpool Corporation by 1.3% in the fourth quarter. Comerica Bank now owns 20,183 shares of the company’s stock valued at $3,729,000 after buying an additional 265 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in Whirlpool Corporation during the fourth quarter valued at approximately $210,000. Tredje AP fonden raised its position in Whirlpool Corporation by 160.1% in the fourth quarter. Tredje AP fonden now owns 3,381 shares of the company’s stock valued at $615,000 after buying an additional 2,081 shares during the last quarter. Finally, Aviva PLC raised its position in Whirlpool Corporation by 5.8% in the fourth quarter. Aviva PLC now owns 50,003 shares of the company’s stock valued at $9,092,000 after buying an additional 2,739 shares during the last quarter. Hedge funds and other institutional investors own 96.63% of the company’s stock.

Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

Whirlpool Corporation (WHR) traded down 0.19% during trading on Friday, reaching $195.87. The company had a trading volume of 645,943 shares. The company has a 50-day moving average price of $186.32 and a 200 day moving average price of $178.55. The stock has a market cap of $14.49 billion, a PE ratio of 16.86 and a beta of 1.76. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99.

Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Monday, April 24th. The company reported $2.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.65 by $0.15. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.74 billion. Whirlpool Corporation had a return on equity of 18.37% and a net margin of 4.27%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $2.63 EPS. On average, analysts anticipate that Whirlpool Corporation will post $15.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 19th were given a dividend of $1.10 per share. This is a boost from Whirlpool Corporation’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, May 17th. This represents a $4.40 dividend on an annualized basis and a yield of 2.25%. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 37.87%.

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Several equities analysts recently commented on WHR shares. Zacks Investment Research lowered Whirlpool Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $216.00 target price on shares of Whirlpool Corporation in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Whirlpool Corporation has a consensus rating of “Hold” and an average target price of $191.43.

In related news, insider Marc R. Bitzer sold 19,314 shares of Whirlpool Corporation stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total transaction of $3,550,685.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.69% of the stock is currently owned by company insiders.

About Whirlpool Corporation

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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