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.
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.
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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.
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