Whirlpool Corporation (NYSE:WHR) Shares Sold by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. cut its position in Whirlpool Corporation (NYSE:WHR) by 14.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,300 shares of the company’s stock after selling 1,050 shares during the period. Daiwa Securities Group Inc.’s holdings in Whirlpool Corporation were worth $1,208,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of WHR. Capstone Asset Management Co. raised its stake in shares of Whirlpool Corporation by 8.0% in the first quarter. Capstone Asset Management Co. now owns 9,164 shares of the company’s stock worth $1,570,000 after buying an additional 678 shares during the period. National Pension Service raised its stake in shares of Whirlpool Corporation by 11.0% in the first quarter. National Pension Service now owns 73,548 shares of the company’s stock worth $12,514,000 after buying an additional 7,307 shares during the period. KCG Holdings Inc. bought a new stake in shares of Whirlpool Corporation during the first quarter worth about $1,312,000. Canada Pension Plan Investment Board raised its stake in shares of Whirlpool Corporation by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 128,710 shares of the company’s stock worth $22,052,000 after buying an additional 3,010 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in shares of Whirlpool Corporation by 7.5% in the first quarter. Pictet Asset Management Ltd. now owns 44,441 shares of the company’s stock worth $7,615,000 after buying an additional 3,100 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.
Whirlpool Corporation (NYSE:WHR) opened at 171.74 on Friday. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The firm has a market cap of $12.53 billion, a P/E ratio of 17.19 and a beta of 1.79. The firm has a 50-day moving average of $187.02 and a 200-day moving average of $181.07.
Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 earnings per share. On average, analysts expect that Whirlpool Corporation will post $14.63 EPS for the current year.
Whirlpool Corporation declared that its Board of Directors has approved a share repurchase plan on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to purchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
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A number of research firms have commented on WHR. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price objective for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $216.00 price objective on shares of Whirlpool Corporation in a report on Friday, June 2nd. BidaskClub downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $194.71.
In other news, Director William D. Perez bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the purchase, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.69% of the company’s stock.
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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