Whirlpool Corporation (WHR) Shares Bought by Profund Advisors LLC
Profund Advisors LLC increased its stake in Whirlpool Corporation (NYSE:WHR) by 22.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,058 shares of the company’s stock after acquiring an additional 378 shares during the period. Profund Advisors LLC’s holdings in Whirlpool Corporation were worth $394,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WHR. Oxford Asset Management acquired a new stake in shares of Whirlpool Corporation in the first quarter worth approximately $784,000. Martingale Asset Management L P acquired a new stake in shares of Whirlpool Corporation in the first quarter worth approximately $395,000. Pacer Advisors Inc. boosted its position in shares of Whirlpool Corporation by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,549 shares of the company’s stock worth $265,000 after acquiring an additional 44 shares during the last quarter. KBC Group NV boosted its position in shares of Whirlpool Corporation by 1.7% in the first quarter. KBC Group NV now owns 7,116 shares of the company’s stock worth $1,219,000 after acquiring an additional 119 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Whirlpool Corporation by 15.7% in the first quarter. Victory Capital Management Inc. now owns 7,030 shares of the company’s stock worth $1,204,000 after acquiring an additional 953 shares during the last quarter. 91.47% of the stock is currently owned by institutional investors and hedge funds.
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Whirlpool Corporation (NYSE WHR) opened at 185.82 on Thursday. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The company has a 50-day moving average of $173.91 and a 200 day moving average of $180.23. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 18.60 and a beta of 1.76.
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 Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 EPS. Equities analysts anticipate that Whirlpool Corporation will post $14.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $1.10 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $4.40 annualized dividend and a dividend yield of 2.37%. Whirlpool Corporation’s payout ratio is 44.04%.
Whirlpool Corporation announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “top pick” rating and issued a $216.00 target price (down from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. Credit Suisse Group assumed coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price on the stock. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $193.17.
In other news, Director William D. Perez purchased 1,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the purchase, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.69% of the company’s stock.
Whirlpool Corporation 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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