Foothills Asset Management Ltd. Invests $2.55 Million in Whirlpool Corporation (NYSE:WHR)

Foothills Asset Management Ltd. purchased a new stake in shares of Whirlpool Corporation (NYSE:WHR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,315 shares of the company’s stock, valued at approximately $2,551,000. Whirlpool Corporation comprises 2.0% of Foothills Asset Management Ltd.’s holdings, making the stock its 16th largest position.

A number of other large investors have also recently bought and sold shares of the company. Kentucky Retirement Systems purchased a new stake in Whirlpool Corporation during the fourth quarter valued at approximately $991,000. Capstone Asset Management Co. raised its stake in Whirlpool Corporation by 8.0% in the first quarter. Capstone Asset Management Co. now owns 9,164 shares of the company’s stock valued at $1,570,000 after buying an additional 678 shares during the period. National Pension Service raised its stake in Whirlpool Corporation by 11.0% in the first quarter. National Pension Service now owns 73,548 shares of the company’s stock valued at $12,514,000 after buying an additional 7,307 shares during the period. KCG Holdings Inc. purchased a new stake in Whirlpool Corporation during the first quarter valued at approximately $1,312,000. Finally, Canada Pension Plan Investment Board raised its stake in Whirlpool Corporation by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 128,710 shares of the company’s stock valued at $22,052,000 after buying an additional 3,010 shares during the period. Institutional investors own 94.84% of the company’s stock.

Shares of Whirlpool Corporation (WHR) opened at 171.24 on Friday. The stock’s 50 day moving average is $186.34 and its 200-day moving average is $180.96. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The firm has a market capitalization of $12.50 billion, a P/E ratio of 17.14 and a beta of 1.79.

Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. Whirlpool Corporation’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.

Whirlpool Corporation announced that its Board of Directors has initiated a share buyback plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: “Foothills Asset Management Ltd. Invests $2.55 Million in Whirlpool Corporation (NYSE:WHR)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.com-unik.info/2017/08/12/foothills-asset-management-ltd-purchases-shares-of-13315-whirlpool-corporation-nysewhr-updated-updated-updated.html.

A number of research analysts recently commented on the company. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 price objective (down previously from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group began coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Whirlpool Corporation has an average rating of “Hold” and an average price target of $194.71.

In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of Whirlpool Corporation stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $176.93 per share, with a total value of $176,930.00. Following the completion of the transaction, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.69% of the company’s stock.

About Whirlpool Corporation

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 Corporation (NYSE:WHR)

What are top analysts saying about Whirlpool Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Whirlpool Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit