BNP Paribas Arbitrage SNC lifted its position in shares of Whirlpool Co. (NYSE:WHR – Free Report) by 30.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,789 shares of the company’s stock after buying an additional 10,688 shares during the quarter. BNP Paribas Arbitrage SNC owned approximately 0.08% of Whirlpool worth $6,813,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Cutler Group LLC CA purchased a new stake in Whirlpool in the 1st quarter worth $28,000. Hall Laurie J Trustee purchased a new stake in Whirlpool in the 2nd quarter worth $30,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Whirlpool by 88.3% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 209 shares of the company’s stock worth $31,000 after purchasing an additional 98 shares in the last quarter. Parallel Advisors LLC lifted its stake in Whirlpool by 52.9% in the 2nd quarter. Parallel Advisors LLC now owns 211 shares of the company’s stock worth $31,000 after purchasing an additional 73 shares in the last quarter. Finally, ICA Group Wealth Management LLC lifted its stake in Whirlpool by 716.7% in the 1st quarter. ICA Group Wealth Management LLC now owns 245 shares of the company’s stock worth $32,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.
Analysts Set New Price Targets
WHR has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Whirlpool from $121.00 to $92.00 and set an “underperform” rating on the stock in a research note on Friday, October 27th. Longbow Research downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating in a report on Friday, October 27th. TheStreet downgraded shares of Whirlpool from a “c” rating to a “d+” rating in a report on Wednesday, October 25th. StockNews.com started coverage on shares of Whirlpool in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Credit Suisse Group restated a “neutral” rating and issued a $150.00 target price on shares of Whirlpool in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $125.20.
Whirlpool Stock Performance
Shares of NYSE:WHR opened at $111.38 on Tuesday. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of -3.77, a PEG ratio of 0.90 and a beta of 1.58. Whirlpool Co. has a 12 month low of $98.40 and a 12 month high of $160.74. The firm’s 50-day moving average is $122.71 and its 200 day moving average is $134.68. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.83.
Whirlpool (NYSE:WHR – Get Free Report) last released its quarterly earnings data on Wednesday, October 25th. The company reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.38 by $1.07. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.79 billion. Whirlpool had a negative net margin of 8.38% and a positive return on equity of 38.84%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.49 EPS. Research analysts predict that Whirlpool Co. will post 15.99 EPS for the current year.
Whirlpool Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a $1.75 dividend. The ex-dividend date is Thursday, November 16th. This represents a $7.00 annualized dividend and a yield of 6.28%. Whirlpool’s dividend payout ratio (DPR) is -23.70%.
Whirlpool Corporation manufactures and markets home appliances and related products and services in 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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