Whirlpool Co. (NYSE:WHR) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. decreased its position in shares of Whirlpool Co. (NYSE:WHR) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,215 shares of the company’s stock after selling 600 shares during the quarter. Pictet Asset Management Ltd. owned approximately 0.05% of Whirlpool worth $4,281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc grew its position in shares of Whirlpool by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock worth $805,183,000 after buying an additional 62,275 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Whirlpool by 9,212.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock valued at $31,000 after purchasing an additional 3,268,195 shares in the last quarter. American International Group Inc. boosted its position in Whirlpool by 8,342.6% during the fourth quarter. American International Group Inc. now owns 3,119,608 shares of the company’s stock valued at $333,393,000 after purchasing an additional 3,082,657 shares in the last quarter. LSV Asset Management boosted its position in Whirlpool by 6.6% during the first quarter. LSV Asset Management now owns 2,336,988 shares of the company’s stock valued at $310,562,000 after purchasing an additional 145,582 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Whirlpool by 0.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,002,664 shares of the company’s stock valued at $214,024,000 after purchasing an additional 11,260 shares in the last quarter. 94.08% of the stock is currently owned by institutional investors and hedge funds.

WHR has been the topic of a number of recent research reports. Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price objective on the stock in a research report on Friday, May 10th. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Raymond James reaffirmed a “hold” rating on shares of Whirlpool in a research report on Monday, March 18th. Finally, ValuEngine raised Whirlpool from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $137.94.

NYSE WHR traded up $3.22 during trading on Monday, hitting $145.58. The company’s stock had a trading volume of 767,709 shares, compared to its average volume of 842,282. The company has a current ratio of 0.83, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $9.02 billion, a P/E ratio of 9.60, a PEG ratio of 1.82 and a beta of 1.80. The firm’s 50 day moving average is $131.23. Whirlpool Co. has a fifty-two week low of $99.40 and a fifty-two week high of $156.51.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, April 22nd. The company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.07. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.83 billion. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $2.81 earnings per share. On average, research analysts forecast that Whirlpool Co. will post 14.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 17th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, May 16th. This is an increase from Whirlpool’s previous quarterly dividend of $1.15. Whirlpool’s dividend payout ratio (DPR) is currently 31.66%.

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: What is a Market Correction?

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.