Sigma Planning Corp Reduces Holdings in Whirlpool Co. (WHR)

Sigma Planning Corp cut its position in Whirlpool Co. (NYSE:WHR) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,706 shares of the company’s stock after selling 787 shares during the quarter. Sigma Planning Corp’s holdings in Whirlpool were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in shares of Whirlpool by 6.5% in the second quarter. Advisors Asset Management Inc. now owns 6,859 shares of the company’s stock valued at $1,003,000 after buying an additional 416 shares in the last quarter. State of Alaska Department of Revenue increased its position in Whirlpool by 6.2% in the third quarter. State of Alaska Department of Revenue now owns 16,750 shares of the company’s stock worth $1,988,000 after purchasing an additional 984 shares during the period. Manning & Napier Group LLC increased its position in Whirlpool by 15.2% in the third quarter. Manning & Napier Group LLC now owns 15,306 shares of the company’s stock worth $1,817,000 after purchasing an additional 2,023 shares during the period. Bank of Montreal Can grew its position in shares of Whirlpool by 8.0% during the 3rd quarter. Bank of Montreal Can now owns 69,179 shares of the company’s stock worth $8,215,000 after buying an additional 5,118 shares during the period. Finally, First Manhattan Co. lifted its holdings in shares of Whirlpool by 7,147.5% during the 3rd quarter. First Manhattan Co. now owns 14,495 shares of the company’s stock valued at $1,721,000 after purchasing an additional 14,295 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Several equities analysts have recently weighed in on WHR shares. Royal Bank of Canada cut Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective on the stock. in a report on Wednesday, January 30th. Raymond James cut their price objective on Whirlpool from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. Credit Suisse Group set a $125.00 price objective on Whirlpool and gave the company a “buy” rating in a report on Wednesday, October 17th. Zacks Investment Research cut Whirlpool from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Finally, Buckingham Research started coverage on Whirlpool in a report on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $146.40.

In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $133.54, for a total transaction of $379,921.30. Following the transaction, the director now owns 6,550 shares of the company’s stock, valued at approximately $874,687. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.83% of the stock is owned by insiders.

NYSE WHR opened at $133.29 on Monday. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.88 and a beta of 1.63. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.26. Whirlpool Co. has a 52 week low of $99.40 and a 52 week high of $180.00.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, January 28th. The company reported $4.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.30 by $0.45. The firm had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.10 EPS. As a group, equities analysts expect that Whirlpool Co. will post 14.66 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.chaffeybreeze.com/2019/02/11/sigma-planning-corp-reduces-holdings-in-whirlpool-co-whr.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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

Featured Story: Book Value Per Share – BVPS

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.

Leave a Reply