American Trust Investment Advisors LLC cut its stake in shares of Whirlpool Corporation (NYSE:WHR) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,230 shares of the company’s stock after selling 100 shares during the period. Whirlpool Corporation accounts for approximately 2.2% of American Trust Investment Advisors LLC’s investment portfolio, making the stock its 16th largest position. American Trust Investment Advisors LLC’s holdings in Whirlpool Corporation were worth $2,535,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of WHR. LLBH Private Wealth Management LLC boosted 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 in the last quarter. Bollard Group LLC boosted its position in Whirlpool Corporation by 0.6% in the first quarter. Bollard Group LLC now owns 2,158 shares of the company’s stock valued at $370,000 after buying an additional 12 shares in the last quarter. Orrstown Financial Services Inc. boosted its position in Whirlpool Corporation by 0.5% in the second quarter. Orrstown Financial Services Inc. now owns 4,580 shares of the company’s stock valued at $878,000 after buying an additional 24 shares in the last quarter. Amalgamated Bank boosted its position in Whirlpool Corporation by 0.6% in the first quarter. Amalgamated Bank now owns 5,267 shares of the company’s stock valued at $902,000 after buying an additional 32 shares in the last quarter. Finally, Smith Moore & CO. boosted its position in Whirlpool Corporation by 1.0% in the first quarter. Smith Moore & CO. now owns 3,332 shares of the company’s stock valued at $571,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 94.26% of the company’s stock.
Whirlpool Corporation (WHR) traded down 0.82% during midday trading on Friday, hitting $170.08. The stock had a trading volume of 607,622 shares. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The company’s 50 day moving average price is $184.00 and its 200-day moving average price is $180.70. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 17.02 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.54 by $0.19. The company had revenue of $5.35 billion during 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 for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $3.50 earnings per share. Equities analysts anticipate that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 44.04%.
Whirlpool Corporation declared that its board has initiated a stock repurchase plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to repurchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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Several equities analysts have weighed in on WHR shares. BidaskClub lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Credit Suisse Group started coverage on Whirlpool Corporation in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $216.00 target price on shares of Whirlpool Corporation in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Whirlpool Corporation has an average rating of “Hold” and an average price target of $194.71.
In related news, Director William D. Perez acquired 1,000 shares of the stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $176.93 per share, with a total value of $176,930.00. Following the completion of the purchase, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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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