BB&T Securities LLC Lowers Stake in Whirlpool Co. (WHR)

BB&T Securities LLC cut its holdings in Whirlpool Co. (NYSE:WHR) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,646 shares of the company’s stock after selling 1,708 shares during the quarter. BB&T Securities LLC owned approximately 0.05% of Whirlpool worth $6,944,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Whirlpool by 0.3% during the second quarter. Vanguard Group Inc. now owns 7,314,502 shares of the company’s stock valued at $1,401,605,000 after buying an additional 23,724 shares during the period. Greenhaven Associates Inc. lifted its stake in shares of Whirlpool by 0.8% during the third quarter. Greenhaven Associates Inc. now owns 2,759,675 shares of the company’s stock valued at $508,994,000 after buying an additional 22,525 shares during the period. Harris Associates L P lifted its stake in shares of Whirlpool by 12.5% during the second quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock valued at $417,892,000 after buying an additional 241,659 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of Whirlpool by 7.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,837,517 shares of the company’s stock valued at $338,912,000 after buying an additional 122,189 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Whirlpool by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,141,492 shares of the company’s stock worth $218,713,000 after purchasing an additional 79,088 shares during the period. Institutional investors and hedge funds own 92.78% of the company’s stock.

Shares of Whirlpool Co. (WHR) traded down $1.14 during mid-day trading on Friday, hitting $167.46. 776,849 shares of the stock were exchanged, compared to its average volume of 785,460. Whirlpool Co. has a fifty-two week low of $158.80 and a fifty-two week high of $202.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.90. The stock has a market cap of $12,039.93, a P/E ratio of 11.96, a PEG ratio of 1.69 and a beta of 1.88.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the business posted $3.66 EPS. The business’s revenue was up 3.2% on a year-over-year basis. equities analysts forecast that Whirlpool Co. will post 13.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool’s dividend payout ratio is presently 41.47%.

A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Whirlpool from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Credit Suisse Group set a $187.00 price target on shares of Whirlpool and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada downgraded shares of Whirlpool from a “top pick” rating to a “sector perform” rating and cut their price target for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Finally, MKM Partners set a $177.00 price target on shares of Whirlpool and gave the stock a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Whirlpool has an average rating of “Hold” and an average target price of $183.60.

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Whirlpool 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.

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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