The Manufacturers Life Insurance Company Cuts Position in Whirlpool Co. (NYSE:WHR)

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The Manufacturers Life Insurance Company trimmed its position in Whirlpool Co. (NYSE:WHR) by 4.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 565,038 shares of the company’s stock after selling 23,468 shares during the period. The Manufacturers Life Insurance Company’s holdings in Whirlpool were worth $75,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Regentatlantic Capital LLC acquired a new position in shares of Whirlpool in the 1st quarter valued at $236,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Whirlpool in the 1st quarter valued at $328,000. Miramar Capital LLC acquired a new position in shares of Whirlpool in the 4th quarter valued at $308,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Whirlpool by 8.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,880 shares of the company’s stock valued at $2,338,000 after acquiring an additional 1,614 shares during the period. Finally, Stephens Inc. AR increased its position in shares of Whirlpool by 33.1% in the 4th quarter. Stephens Inc. AR now owns 3,920 shares of the company’s stock valued at $419,000 after acquiring an additional 975 shares during the period. 94.10% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:WHR traded up $0.57 during mid-day trading on Friday, hitting $128.74. The company’s stock had a trading volume of 465,639 shares, compared to its average volume of 691,303. Whirlpool Co. has a 1 year low of $99.40 and a 1 year high of $156.75. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.53 and a current ratio of 0.83. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.64 and a beta of 1.68.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, April 22nd. The company reported $3.11 EPS for the quarter, beating the consensus estimate of $3.04 by $0.07. Whirlpool had a net margin of 0.93% and a return on equity of 30.17%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same period in the prior year, the company earned $2.81 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts predict that Whirlpool Co. will post 14.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.73%. This is a positive change from Whirlpool’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio is presently 31.66%.

Several research firms recently issued reports on WHR. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. ValuEngine lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th. Raymond James reaffirmed a “hold” rating on shares of Whirlpool in a report on Monday, March 18th. Finally, Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Friday, May 10th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Whirlpool currently has an average rating of “Hold” and an average price target of $137.94.

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Whirlpool Company Profile

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: Correction

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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