Sigma Planning Corp Has $393,000 Position in Whirlpool Corporation (WHR)
Sigma Planning Corp grew its stake in Whirlpool Corporation (NYSE:WHR) by 67.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129 shares of the company’s stock after buying an additional 860 shares during the period. Sigma Planning Corp’s holdings in Whirlpool Corporation were worth $393,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. LLBH Private Wealth Management LLC grew its stake in Whirlpool Corporation by 0.5% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 1,183 shares of the company’s stock worth $227,000 after buying an additional 6 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Whirlpool Corporation by 0.3% in the 2nd quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock valued at $534,000 after purchasing an additional 9 shares in the last quarter. QS Investors LLC boosted its stake in shares of Whirlpool Corporation by 0.4% in the 2nd quarter. QS Investors LLC now owns 2,355 shares of the company’s stock valued at $451,000 after purchasing an additional 10 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Whirlpool Corporation by 0.6% in the 2nd quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock valued at $416,000 after purchasing an additional 12 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Whirlpool Corporation by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock valued at $1,364,000 after purchasing an additional 21 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.
Shares of Whirlpool Corporation (NYSE WHR) traded up $2.41 during midday trading on Friday, reaching $162.88. 639,100 shares of the company’s stock traded hands, compared to its average volume of 845,695. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. Whirlpool Corporation has a 1-year low of $158.80 and a 1-year high of $202.99. The company has a market cap of $11,610.87, a price-to-earnings ratio of 11.53, a PEG ratio of 1.57 and a beta of 1.87.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company posted $3.66 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts expect that Whirlpool Corporation will post 13.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a yield of 2.70%. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 41.47%.
Whirlpool Corporation declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
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A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Credit Suisse Group set a $187.00 price objective on shares of Whirlpool Corporation and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Finally, Royal Bank Of Canada cut shares of Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and cut their price objective for the company from $209.00 to $184.00 in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $184.67.
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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