Whirlpool Co. (WHR) Position Reduced by United Services Automobile Association

Share on StockTwits

United Services Automobile Association decreased its position in Whirlpool Co. (NYSE:WHR) by 21.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 74,667 shares of the company’s stock after selling 20,073 shares during the period. United Services Automobile Association’s holdings in Whirlpool were worth $7,980,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WHR. Oregon Public Employees Retirement Fund boosted its stake in Whirlpool by 9,212.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock worth $31,000 after purchasing an additional 3,268,195 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in Whirlpool in the 4th quarter worth approximately $32,000. WealthTrust Arizona LLC acquired a new position in Whirlpool in the 4th quarter worth approximately $32,000. Rehmann Capital Advisory Group boosted its stake in Whirlpool by 79.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 309 shares of the company’s stock worth $37,000 after purchasing an additional 137 shares during the period. Finally, Doyle Wealth Management acquired a new position in Whirlpool in the 4th quarter worth approximately $52,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:WHR opened at $133.18 on Friday. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 1.99 and a beta of 1.63. Whirlpool Co. has a 12-month low of $99.40 and a 12-month high of $167.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.55.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, January 28th. The company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $0.45. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.76 billion. Whirlpool had a negative net margin of 0.87% and a positive return on equity of 27.24%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $4.10 EPS. Equities analysts forecast that Whirlpool Co. will post 14.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, February 28th. Whirlpool’s dividend payout ratio (DPR) is currently 30.34%.

In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of Whirlpool stock in a transaction on Friday, February 1st. The shares were sold at an average price of $133.54, for a total transaction of $379,921.30. Following the completion of the sale, the director now owns 6,550 shares of the company’s stock, valued at approximately $874,687. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company’s stock.

A number of equities analysts recently commented on WHR shares. Zacks Investment Research lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Raymond James lowered shares of Whirlpool from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 30th. Buckingham Research started coverage on shares of Whirlpool in a research note on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price objective for the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of Whirlpool in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Finally, Royal Bank of Canada lowered shares of Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 target price for the company. in a research note on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $146.40.

COPYRIGHT VIOLATION WARNING: “Whirlpool Co. (WHR) Position Reduced by United Services Automobile Association” was first reported by Week Herald and is owned by of Week Herald. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://weekherald.com/2019/03/17/whirlpool-co-whr-position-reduced-by-united-services-automobile-association.html.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

Further Reading: What is the return on assets formula?

Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Co. (NYSE:WHR).

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.