Whirlpool Corporation (WHR) Shares Bought by L & S Advisors Inc
L & S Advisors Inc lifted its stake in shares of Whirlpool Corporation (NYSE:WHR) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,591 shares of the company’s stock after buying an additional 250 shares during the quarter. L & S Advisors Inc’s holdings in Whirlpool Corporation were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in WHR. LLBH Private Wealth Management LLC raised its stake in Whirlpool Corporation by 0.5% in the second 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 lifted its holdings in Whirlpool Corporation by 0.3% in the second quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock worth $534,000 after buying an additional 9 shares during the period. QS Investors LLC lifted its holdings in Whirlpool Corporation by 0.4% in the second quarter. QS Investors LLC now owns 2,355 shares of the company’s stock worth $451,000 after buying an additional 10 shares during the period. Bollard Group LLC lifted its holdings in Whirlpool Corporation by 0.6% in the second quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock worth $416,000 after buying an additional 12 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Whirlpool Corporation by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock valued at $1,364,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 91.47% of the company’s stock.
Shares of Whirlpool Corporation (NYSE WHR) traded up 0.35% during midday trading on Monday, reaching $185.08. 126,965 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $172.40 and its 200 day moving average price is $179.94. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 18.52 and a beta of 1.76. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 EPS. Equities analysts anticipate that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to buy up to 16.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 44.04%.
A number of research analysts have weighed in on WHR shares. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “top pick” rating and issued a $216.00 target price (down previously from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Credit Suisse Group started coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Whirlpool Corporation currently has an average rating of “Hold” and an average price target of $194.71.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.69% of the stock is owned by corporate insiders.
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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