Whirlpool Corporation (NYSE:WHR) Stake Decreased by Capital One National Association
Capital One National Association decreased its stake in shares of Whirlpool Corporation (NYSE:WHR) by 23.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,426 shares of the company’s stock after selling 435 shares during the period. Capital One National Association’s holdings in Whirlpool Corporation were worth $273,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Global X Management Co. LLC raised its position in Whirlpool Corporation by 33.1% in the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after buying an additional 246 shares during the period. State of Alaska Department of Revenue acquired a new position in Whirlpool Corporation during the first quarter valued at $196,000. LLBH Private Wealth Management LLC raised its position in Whirlpool Corporation by 0.4% in the first quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock valued at $202,000 after buying an additional 5 shares during the period. Scout Investments Inc. acquired a new position in Whirlpool Corporation during the first quarter valued at $206,000. Finally, Stokes & Hubbell Capital Management LLC raised its position in Whirlpool Corporation by 4.7% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 1,325 shares of the company’s stock valued at $227,000 after buying an additional 59 shares during the period. Institutional investors own 93.89% of the company’s stock.
Whirlpool Corporation (WHR) opened at 195.52 on Tuesday. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm has a 50 day moving average of $187.92 and a 200 day moving average of $180.07. The firm has a market capitalization of $14.46 billion, a PE ratio of 16.83 and a beta of 1.81.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Monday, April 24th. The company reported $2.50 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.74 billion. Whirlpool Corporation had a net margin of 4.27% and a return on equity of 18.37%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $2.63 earnings per share. Equities analysts forecast that Whirlpool Corporation will post $15.10 EPS for the current year.
Several equities analysts have recently weighed in on WHR shares. Royal Bank Of Canada restated a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Credit Suisse Group started 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. Finally, Zacks Investment Research lowered shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $193.50.
In other news, insider Marc R. Bitzer sold 19,314 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total value of $3,550,685.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.69% of the company’s stock.
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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