Alliancebernstein L.P. Reduces Holdings in Whirlpool Co. (WHR)

Alliancebernstein L.P. trimmed its holdings in shares of Whirlpool Co. (NYSE:WHR) by 9.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,317 shares of the company’s stock after selling 11,006 shares during the period. Alliancebernstein L.P. owned 0.17% of Whirlpool worth $12,625,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of Whirlpool by 47.0% during the second quarter. Private Advisor Group LLC now owns 3,029 shares of the company’s stock worth $445,000 after purchasing an additional 968 shares during the period. Fairpointe Capital LLC grew its position in shares of Whirlpool by 8.5% during the second quarter. Fairpointe Capital LLC now owns 673,541 shares of the company’s stock worth $98,492,000 after acquiring an additional 52,684 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Whirlpool by 19.0% during the second quarter. Toronto Dominion Bank now owns 46,685 shares of the company’s stock worth $6,826,000 after acquiring an additional 7,466 shares during the last quarter. Brandes Investment Partners LP grew its position in shares of Whirlpool by 59.7% during the second quarter. Brandes Investment Partners LP now owns 18,339 shares of the company’s stock worth $2,682,000 after acquiring an additional 6,858 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new position in shares of Whirlpool during the second quarter worth about $4,285,000. 92.73% of the stock is currently owned by institutional investors.

Several research firms have recently commented on WHR. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Credit Suisse Group restated a “neutral” rating and set a $125.00 price target on shares of Whirlpool in a research report on Wednesday, November 28th. They noted that the move was a valuation call. MKM Partners set a $146.00 price target on shares of Whirlpool and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Royal Bank of Canada set a $111.00 price target on shares of Whirlpool and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, Cleveland Research restated a “hold” rating on shares of Whirlpool in a research report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $144.88.

Whirlpool stock opened at $120.37 on Friday. The stock has a market cap of $7.72 billion, a PE ratio of 8.76, a PEG ratio of 0.81 and a beta of 1.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.58. Whirlpool Co. has a one year low of $102.13 and a one year high of $187.47.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.76 by $0.79. The firm had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.34 billion. Whirlpool had a negative net margin of 2.95% and a positive return on equity of 23.93%. Whirlpool’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.83 EPS. Equities research analysts predict that Whirlpool Co. will post 14.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Friday, November 16th will be given a $1.15 dividend. The ex-dividend date is Thursday, November 15th. This represents a $4.60 dividend on an annualized basis and a yield of 3.82%. Whirlpool’s dividend payout ratio is presently 33.48%.

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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.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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