Trustmark National Bank Trust Department acquired a new stake in Whirlpool Co. (NYSE:WHR) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 4,300 shares of the company’s stock, valued at approximately $369,000.
Several other institutional investors have also recently made changes to their positions in WHR. Total Clarity Wealth Management Inc. acquired a new stake in shares of Whirlpool in the fourth quarter valued at $30,000. Americana Partners LLC purchased a new stake in shares of Whirlpool during the fourth quarter valued at $43,000. Ancora Advisors LLC purchased a new stake in shares of Whirlpool during the fourth quarter valued at $44,000. Synovus Financial Corp lifted its holdings in shares of Whirlpool by 262.9% during the first quarter. Synovus Financial Corp now owns 508 shares of the company’s stock valued at $44,000 after purchasing an additional 368 shares during the last quarter. Finally, Capital Square LLC purchased a new stake in shares of Whirlpool during the first quarter valued at $51,000. Institutional investors and hedge funds own 98.04% of the company’s stock.
Whirlpool stock traded down $7.93 during mid-day trading on Thursday, hitting $126.70. The company’s stock had a trading volume of 20,868 shares, compared to its average volume of 1,061,658. The firm’s 50 day moving average is $116.17 and its 200 day moving average is $127.79. The company has a market cap of $8.37 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 0.83 and a beta of 1.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.95 and a quick ratio of 0.66. Whirlpool Co. has a 52-week low of $64.00 and a 52-week high of $163.64.
Whirlpool (NYSE:WHR) last issued its earnings results on Thursday, April 30th. The company reported $2.82 earnings per share for the quarter, hitting the consensus estimate of $2.82. Whirlpool had a return on equity of 25.56% and a net margin of 4.33%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm posted $3.11 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. As a group, analysts forecast that Whirlpool Co. will post 9.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, May 14th. Whirlpool’s payout ratio is currently 30.00%.
WHR has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Whirlpool from $100.00 to $124.00 and gave the company an “average” rating in a report on Tuesday, May 5th. They noted that the move was a valuation call. ValuEngine raised Whirlpool from a “sell” rating to a “hold” rating in a report on Monday, March 30th. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating and set a $133.00 target price for the company in a report on Saturday, May 30th. Deutsche Bank upped their target price on Whirlpool from $94.00 to $115.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Finally, Credit Suisse Group began coverage on Whirlpool in a research note on Wednesday, May 27th. They issued an “underperform” rating and a $90.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $125.11.
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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