Moody National Bank Trust Division Makes New $300,000 Investment in Whirlpool Co. (NYSE:WHR)

Moody National Bank Trust Division acquired a new stake in shares of Whirlpool Co. (NYSE:WHRGet Rating) during the second quarter, HoldingsChannel.com reports. The fund acquired 1,939 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds have also made changes to their positions in the stock. Fulton Bank N.A. increased its holdings in shares of Whirlpool by 16.6% during the 2nd quarter. Fulton Bank N.A. now owns 2,454 shares of the company’s stock valued at $380,000 after acquiring an additional 349 shares during the last quarter. GoalVest Advisory LLC acquired a new position in shares of Whirlpool during the 2nd quarter valued at about $30,000. Offit Capital Advisors LLC acquired a new position in shares of Whirlpool during the 1st quarter valued at about $1,041,000. Bank of America Corp DE increased its holdings in shares of Whirlpool by 10.7% during the 1st quarter. Bank of America Corp DE now owns 442,773 shares of the company’s stock valued at $76,502,000 after acquiring an additional 42,768 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Whirlpool by 4.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 5,108 shares of the company’s stock valued at $883,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 96.37% of the company’s stock.

Whirlpool Price Performance

Shares of WHR stock opened at $147.26 on Tuesday. The stock has a 50 day moving average of $162.52 and a two-hundred day moving average of $171.01. The company has a current ratio of 1.11, a quick ratio of 0.69 and a debt-to-equity ratio of 1.15. Whirlpool Co. has a 12 month low of $143.87 and a 12 month high of $245.44. The company has a market capitalization of $8.03 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.25 and a beta of 1.56.

Whirlpool (NYSE:WHRGet Rating) last announced its quarterly earnings data on Monday, July 25th. The company reported $5.97 EPS for the quarter, topping analysts’ consensus estimates of $5.23 by $0.74. Whirlpool had a return on equity of 30.13% and a net margin of 3.33%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter last year, the company earned $6.64 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts expect that Whirlpool Co. will post 22.83 EPS for the current year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were given a $1.75 dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 4.75%. Whirlpool’s dividend payout ratio is currently 62.95%.

Analysts Set New Price Targets

WHR has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on Whirlpool from $235.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. JPMorgan Chase & Co. decreased their target price on Whirlpool from $227.00 to $191.00 in a research note on Friday, July 15th. Finally, TheStreet downgraded Whirlpool from a “b” rating to a “c+” rating in a research note on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Whirlpool has a consensus rating of “Hold” and a consensus price target of $198.00.

Whirlpool Company Profile

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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 and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

Further Reading

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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