Bessemer Group Inc. reduced its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 68.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,445 shares of the company's stock after selling 22,229 shares during the period. Bessemer Group Inc.'s holdings in Whirlpool were worth $942,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in shares of Whirlpool during the fourth quarter valued at approximately $30,000. Nemes Rush Group LLC grew its stake in shares of Whirlpool by 79.1% in the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after buying an additional 121 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Whirlpool by 120.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after buying an additional 175 shares in the last quarter. UMB Bank n.a. raised its stake in Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after buying an additional 129 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new stake in Whirlpool in the fourth quarter worth $54,000. Institutional investors own 90.78% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on WHR shares. JPMorgan Chase & Co. dropped their price target on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research note on Monday. Wall Street Zen upgraded shares of Whirlpool from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America upgraded shares of Whirlpool from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $68.00 to $94.00 in a report on Friday, June 13th. Finally, Royal Bank Of Canada reduced their target price on Whirlpool from $81.00 to $65.00 and set an "underperform" rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $108.40.
Get Our Latest Stock Analysis on WHR
Whirlpool Stock Performance
Shares of WHR traded up $3.79 during mid-day trading on Tuesday, hitting $105.21. 1,476,527 shares of the company traded hands, compared to its average volume of 1,199,647. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 751.50 and a beta of 1.18. The stock has a 50-day moving average price of $83.49 and a two-hundred day moving average price of $96.44. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.40 and a current ratio of 0.72.
Whirlpool (NYSE:WHR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.03. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The company's quarterly revenue was down 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. Equities analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current year.
Whirlpool Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Friday, May 16th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date was Friday, May 16th. Whirlpool's dividend payout ratio is 5,000.00%.
Whirlpool Company Profile
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Free Report)
Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
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