Liberty Mutual Group Asset Management Inc. decreased its position in shares of Whirlpool Corporation (NYSE:WHR) by 22.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,243 shares of the company’s stock after selling 1,204 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Whirlpool Corporation were worth $726,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its stake in shares of Whirlpool Corporation by 33.1% in the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after buying an additional 246 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Whirlpool Corporation during the first quarter worth about $196,000. LLBH Private Wealth Management LLC increased 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 worth $202,000 after buying an additional 5 shares during the last quarter. Scout Investments Inc. acquired a new position in Whirlpool Corporation during the first quarter worth about $206,000. Finally, Stokes & Hubbell Capital Management LLC increased its position in Whirlpool Corporation by 4.7% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 1,325 shares of the company’s stock worth $227,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.
Whirlpool Corporation (NYSE:WHR) traded down 0.40% during mid-day trading on Wednesday, reaching $190.19. 864,772 shares of the company were exchanged. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 16.37 and a beta of 1.81. The stock’s 50-day moving average price is $192.25 and its 200-day moving average price is $181.53. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Monday, April 24th. The company reported $2.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.65 by $0.15. Whirlpool Corporation had a return on equity of 18.37% and a net margin of 4.27%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the prior year, the company earned $2.63 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Whirlpool Corporation will post $15.12 EPS for the current fiscal year.
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Several equities analysts have weighed in on WHR shares. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Royal Bank Of Canada reiterated a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Whirlpool Corporation presently has an average rating of “Hold” and an average price target of $194.71.
In other news, insider Marc R. Bitzer sold 19,314 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total value of $3,550,685.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.69% of the stock is currently owned by company insiders.
Whirlpool Corporation 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.
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