Soros Fund Management LLC decreased its position in shares of Whirlpool Corporation (NYSE:WHR) by 29.8% during the first quarter, Holdings Channel reports. The fund owned 41,200 shares of the company’s stock after selling 17,500 shares during the period. Soros Fund Management LLC’s holdings in Whirlpool Corporation were worth $7,059,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WHR. Vanguard Group Inc. raised its stake in Whirlpool Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 7,290,778 shares of the company’s stock valued at $1,249,128,000 after buying an additional 170,267 shares during the last quarter. BlackRock Inc. raised its stake in Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock valued at $853,885,000 after buying an additional 4,844,832 shares during the last quarter. State Street Corp raised its stake in Whirlpool Corporation by 1.7% in the first quarter. State Street Corp now owns 3,611,514 shares of the company’s stock valued at $618,757,000 after buying an additional 60,274 shares during the last quarter. Greenhaven Associates Inc. raised its stake in Whirlpool Corporation by 1.9% in the first quarter. Greenhaven Associates Inc. now owns 2,719,870 shares of the company’s stock valued at $465,995,000 after buying an additional 51,255 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Whirlpool Corporation by 3.3% in the first quarter. OppenheimerFunds Inc. now owns 1,925,455 shares of the company’s stock valued at $329,889,000 after buying an additional 61,803 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.
Shares of Whirlpool Corporation (WHR) opened at 188.865 on Wednesday. The firm’s 50-day moving average is $186.88 and its 200 day moving average is $179.23. The stock has a market capitalization of $13.97 billion, a P/E ratio of 16.256 and a beta of 1.76. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Monday, April 24th. The company reported $2.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.65 by $0.15. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.74 billion. Whirlpool Corporation had a net margin of 4.27% and a return on equity of 18.37%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.63 earnings per share. On average, equities research analysts forecast that Whirlpool Corporation will post $15.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, May 19th were paid a dividend of $1.10 per share. This is an increase from Whirlpool Corporation’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, May 17th. Whirlpool Corporation’s payout ratio is currently 37.87%.
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WHR has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and set a $216.00 price target on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Finally, Credit Suisse Group started coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $193.50.
In other Whirlpool Corporation news, insider Marc R. Bitzer sold 19,314 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total transaction of $3,550,685.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.69% of the company’s stock.
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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