BerganKDV Wealth Management LLC held its stake in Whirlpool Corporation (NYSE:WHR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,263 shares of the company’s stock at the end of the second quarter. BerganKDV Wealth Management LLC’s holdings in Whirlpool Corporation were worth $817,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Kentucky Retirement Systems bought a new stake in Whirlpool Corporation during the fourth quarter valued at $991,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Whirlpool Corporation during the fourth quarter worth about $442,000. Macquarie Group Ltd. boosted its position in shares of Whirlpool Corporation by 72.0% in the fourth quarter. Macquarie Group Ltd. now owns 4,300 shares of the company’s stock worth $782,000 after buying an additional 1,800 shares in the last quarter. Lau Associates LLC acquired a new position in shares of Whirlpool Corporation during the first quarter worth about $899,000. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Whirlpool Corporation by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 65,116 shares of the company’s stock worth $11,157,000 after buying an additional 1,631 shares in the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Corporation (WHR) opened at 171.24 on Friday. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The company’s 50-day moving average is $186.34 and its 200 day moving average is $180.96. The stock has a market capitalization of $12.50 billion, a PE ratio of 17.14 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last announced 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 firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the company posted $3.50 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts expect 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 repurchase plan on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
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WHR has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a report on Friday, June 2nd. Credit Suisse Group initiated coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. Finally, BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Whirlpool Corporation has a consensus rating of “Hold” and a consensus price target of $194.71.
In other news, Director William D. Perez acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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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