Capital Growth Management LP Buys Shares of 115,000 Whirlpool Co. (NYSE:WHR)

Capital Growth Management LP acquired a new stake in Whirlpool Co. (NYSE:WHR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 115,000 shares of the company’s stock, valued at approximately $21,211,000. Capital Growth Management LP owned 0.16% of Whirlpool as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WHR. Dupont Capital Management Corp bought a new stake in shares of Whirlpool in the 2nd quarter valued at $100,000. Sun Life Financial INC boosted its stake in Whirlpool by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after acquiring an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Whirlpool by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after buying an additional 135 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Whirlpool in the second quarter valued at $153,000. Finally, WESPAC Advisors SoCal LLC purchased a new stake in shares of Whirlpool in the second quarter valued at about $191,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Shares of Whirlpool Co. (NYSE:WHR) traded down $0.51 during trading on Wednesday, reaching $169.12. 693,400 shares of the company were exchanged, compared to its average volume of 852,214. The company has a market cap of $12,190.08, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.88. Whirlpool Co. has a 52 week low of $158.80 and a 52 week high of $202.99. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the firm earned $3.66 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts anticipate that Whirlpool Co. will post 13.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a yield of 2.60%. Whirlpool’s payout ratio is 41.47%.

A number of analysts recently issued reports on WHR shares. ValuEngine upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Credit Suisse Group set a $187.00 target price on shares of Whirlpool and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Royal Bank Of Canada downgraded shares of Whirlpool from a “top pick” rating to a “sector perform” rating and decreased their price target for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Finally, Bank of America downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective on the stock. in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $183.60.

TRADEMARK VIOLATION WARNING: “Capital Growth Management LP Buys Shares of 115,000 Whirlpool Co. (NYSE:WHR)” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://stocknewstimes.com/2017/12/06/capital-growth-management-lp-invests-21-21-million-in-whirlpool-co-whr.html.

Whirlpool 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.

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply