Cubist Systematic Strategies LLC reduced its holdings in shares of Whirlpool Co. (NYSE:WHR) by 70.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,532 shares of the company’s stock after selling 3,628 shares during the period. Cubist Systematic Strategies LLC’s holdings in Whirlpool were worth $283,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WHR. Point72 Asset Management L.P. bought a new position in Whirlpool during the third quarter worth $18,501,000. Capital International Investors lifted its stake in Whirlpool by 3.8% during the third quarter. Capital International Investors now owns 909,581 shares of the company’s stock worth $167,763,000 after purchasing an additional 33,449 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Whirlpool by 12.7% during the third quarter. Janus Henderson Group PLC now owns 19,717 shares of the company’s stock worth $3,636,000 after purchasing an additional 2,222 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Whirlpool by 41.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,278 shares of the company’s stock worth $420,000 after purchasing an additional 673 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in Whirlpool by 5.1% during the third quarter. First Republic Investment Management Inc. now owns 121,638 shares of the company’s stock worth $22,435,000 after purchasing an additional 5,928 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.
Several equities analysts recently issued reports on WHR shares. Bank of America cut Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective on the stock. in a research note on Tuesday, October 24th. Zacks Investment Research cut Whirlpool from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. MKM Partners set a $177.00 target price on Whirlpool and gave the company a “hold” rating in a research note on Friday, October 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $209.00 target price on shares of Whirlpool in a research note on Tuesday, October 10th. Finally, ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $183.60.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. Whirlpool’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted $3.66 earnings per share. sell-side analysts predict that Whirlpool Co. will post 13.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, November 16th. Whirlpool’s dividend payout ratio (DPR) is 41.51%.
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Whirlpool 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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