AIA Group Ltd Has $364,000 Stock Position in Whirlpool Co. (NYSE:WHR)

AIA Group Ltd reduced its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 63.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,398 shares of the company's stock after selling 5,896 shares during the period. AIA Group Ltd's holdings in Whirlpool were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC increased its position in shares of Whirlpool by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company's stock worth $599,000 after purchasing an additional 125 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Whirlpool by 16.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,957 shares of the company's stock worth $3,026,000 after purchasing an additional 3,513 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Whirlpool by 19.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company's stock valued at $463,000 after purchasing an additional 621 shares during the last quarter. Empowered Funds LLC purchased a new stake in Whirlpool in the first quarter valued at approximately $1,054,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Whirlpool by 18.3% during the first quarter. Oppenheimer & Co. Inc. now owns 3,076 shares of the company's stock worth $368,000 after buying an additional 475 shares during the period. Institutional investors and hedge funds own 90.78% of the company's stock.

Insider Activity at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the transaction, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James W. Peters sold 6,000 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the completion of the sale, the chief financial officer now directly owns 41,570 shares of the company's stock, valued at $4,343,233.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by corporate insiders.

Whirlpool Price Performance

Shares of WHR stock traded up $1.80 during trading hours on Friday, hitting $110.51. The company's stock had a trading volume of 583,702 shares, compared to its average volume of 940,196. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $125.68. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. The business has a fifty day moving average of $103.05 and a 200-day moving average of $98.68. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 10.90 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the business posted $5.45 earnings per share. The company's revenue was down 18.9% on a year-over-year basis. As a group, equities research analysts anticipate that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool's payout ratio is 69.03%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Bank of America raised their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada decreased their target price on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $106.50.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.