Whirlpool Co. (NYSE:WHR) Shares Sold by Axa S.A.

Axa S.A. cut its holdings in shares of Whirlpool Co. (NYSE:WHR) by 38.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,329 shares of the company’s stock after selling 27,435 shares during the period. Axa S.A. owned approximately 0.08% of Whirlpool worth $4,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in shares of Whirlpool by 82.5% in the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after acquiring an additional 184 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Whirlpool by 46.4% in the 4th quarter. Allianz Asset Management GmbH now owns 162,055 shares of the company’s stock valued at $19,733,000 after acquiring an additional 51,359 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Whirlpool by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,726 shares of the company’s stock valued at $2,889,000 after acquiring an additional 230 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Whirlpool in the 4th quarter valued at approximately $1,664,000. Finally, KBC Group NV lifted its position in shares of Whirlpool by 437.2% in the 4th quarter. KBC Group NV now owns 126,568 shares of the company’s stock valued at $15,412,000 after acquiring an additional 103,009 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.05% of the stock is currently owned by company insiders.

Whirlpool Stock Performance

Shares of WHR opened at $107.66 on Monday. The company’s fifty day moving average is $99.03 and its 200-day moving average is $99.92. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $135.45. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 14.83 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the business posted $4.21 EPS. Whirlpool’s quarterly revenue was down 16.8% on a year-over-year basis. Equities analysts expect that Whirlpool Co. will post 11.31 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $7.00 annualized dividend and a dividend yield of 6.50%. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WHR. Royal Bank of Canada reduced their price target on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Bank of America assumed coverage on shares of Whirlpool in a research note on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $103.75.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.