State of Alaska Department of Revenue cut its stake in Whirlpool Co. (NYSE:WHR) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,934 shares of the company’s stock after selling 522 shares during the quarter. State of Alaska Department of Revenue’s holdings in Whirlpool were worth $2,249,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Financial Advocates Investment Management lifted its stake in Whirlpool by 217.4% in the 4th quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. Murphy Pohlad Asset Management LLC purchased a new position in Whirlpool in the 4th quarter valued at about $26,000. Massey Quick Simon & CO. LLC purchased a new position in Whirlpool in the 4th quarter valued at about $32,000. WealthTrust Arizona LLC purchased a new position in Whirlpool in the 4th quarter valued at about $32,000. Finally, CSat Investment Advisory L.P. lifted its stake in Whirlpool by 51.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 305 shares of the company’s stock valued at $33,000 after buying an additional 103 shares in the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.
WHR stock opened at $137.35 on Wednesday. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.61. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.55. Whirlpool Co. has a 12 month low of $99.40 and a 12 month high of $167.54.
Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Monday, January 28th. The company reported $4.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.30 by $0.45. The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. Whirlpool had a negative net margin of 0.87% and a positive return on equity of 27.24%. The business’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.10 EPS. On average, sell-side analysts expect that Whirlpool Co. will post 14.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.49%. This is a boost from Whirlpool’s previous quarterly dividend of $1.15. Whirlpool’s dividend payout ratio (DPR) is currently 30.34%.
A number of research firms have commented on WHR. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Buckingham Research began coverage on shares of Whirlpool in a report on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price objective for the company. Raymond James downgraded shares of Whirlpool from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 30th. Finally, Royal Bank of Canada downgraded shares of Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective for the company. in a report on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $144.08.
In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $133.54, for a total value of $379,921.30. Following the completion of the transaction, the director now owns 6,550 shares of the company’s stock, valued at approximately $874,687. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company’s stock.
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Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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