Whirlpool Corporation (WHR) Shares Sold by Cigna Investments Inc. New
Cigna Investments Inc. New decreased its stake in Whirlpool Corporation (NYSE:WHR) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,962 shares of the company’s stock after selling 219 shares during the period. Cigna Investments Inc. New’s holdings in Whirlpool Corporation were worth $568,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its stake in Whirlpool Corporation by 14.1% in the second quarter. Global X Management Co. LLC now owns 1,128 shares of the company’s stock valued at $216,000 after buying an additional 139 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Whirlpool Corporation by 17.1% in the second quarter. Advisor Partners LLC now owns 2,290 shares of the company’s stock valued at $439,000 after buying an additional 335 shares during the last quarter. Baker Ellis Asset Management LLC boosted its stake in shares of Whirlpool Corporation by 10.2% in the second quarter. Baker Ellis Asset Management LLC now owns 7,625 shares of the company’s stock valued at $1,461,000 after buying an additional 705 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Whirlpool Corporation by 117.5% in the second quarter. IFP Advisors Inc now owns 2,738 shares of the company’s stock valued at $525,000 after buying an additional 1,479 shares during the last quarter. Finally, Telemus Capital LLC boosted its stake in shares of Whirlpool Corporation by 13.4% in the second quarter. Telemus Capital LLC now owns 5,434 shares of the company’s stock valued at $1,041,000 after buying an additional 642 shares during the last quarter. 94.26% of the stock is currently owned by institutional investors.
Shares of Whirlpool Corporation (WHR) opened at 173.65 on Tuesday. The firm has a market capitalization of $12.67 billion, a PE ratio of 17.38 and a beta of 1.79. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The firm’s 50-day moving average is $185.91 and its 200 day moving average is $180.83.
Whirlpool Corporation (NYSE:WHR) last announced its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $3.50 earnings per share. On average, equities analysts forecast that Whirlpool Corporation will post $14.63 earnings per share for the current year.
Whirlpool Corporation declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
WHR has been the subject of several research reports. Zacks Investment Research cut shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research note on Friday, June 2nd. Credit Suisse Group initiated coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. Finally, BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of the stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the transaction, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.
Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Corporation (NYSE:WHR).
Receive News & Ratings for Whirlpool Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.