Whirlpool Co. (WHR) Shares Bought by Capital International Investors
Capital International Investors grew its holdings in Whirlpool Co. (NYSE:WHR) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 909,581 shares of the company’s stock after buying an additional 33,449 shares during the quarter. Capital International Investors owned approximately 1.27% of Whirlpool worth $167,763,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in Whirlpool in the 2nd quarter worth approximately $100,000. Sun Life Financial INC lifted its holdings in Whirlpool by 7,628.6% in the 2nd quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after buying an additional 534 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Whirlpool by 26.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after buying an additional 135 shares during the period. Westwood Holdings Group Inc. purchased a new stake in Whirlpool in the 2nd quarter worth approximately $153,000. Finally, WESPAC Advisors SoCal LLC purchased a new stake in Whirlpool in the 2nd quarter worth approximately $191,000. Institutional investors and hedge funds own 92.75% of the company’s stock.
Several research firms have weighed in on WHR. ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research cut Whirlpool from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Credit Suisse Group set a $187.00 price objective on Whirlpool and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Royal Bank Of Canada cut Whirlpool from a “top pick” rating to a “sector perform” rating and lowered their target price for the company from $209.00 to $184.00 in a research note on Tuesday, October 24th. Finally, Bank of America cut Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 target price for the company. in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $183.60.
Whirlpool Co. (NYSE:WHR) traded down $0.79 on Monday, hitting $169.70. The stock had a trading volume of 579,100 shares, compared to its average volume of 848,959. The stock has a market cap of $12,204.46, a PE ratio of 12.12, a PEG ratio of 1.72 and a beta of 1.88. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Whirlpool Co. has a 52 week low of $158.80 and a 52 week high of $202.99.
Whirlpool (NYSE:WHR) last released its earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.66 EPS. sell-side analysts predict that Whirlpool Co. will post 13.7 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool’s payout ratio is presently 41.47%.
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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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