Geode Capital Management LLC Has $96.66 Million Stake in Whirlpool Co. (NYSE:WHR)

Geode Capital Management LLC boosted its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 903,166 shares of the company's stock after purchasing an additional 11,766 shares during the period. Geode Capital Management LLC owned approximately 1.64% of Whirlpool worth $96,664,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp increased its stake in Whirlpool by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 440,175 shares of the company's stock worth $47,099,000 after purchasing an additional 6,049 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Whirlpool by 1.9% in the third quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company's stock worth $110,567,000 after acquiring an additional 18,936 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Whirlpool by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company's stock valued at $216,094,000 after acquiring an additional 258,871 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Whirlpool by 41.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company's stock worth $4,421,000 after purchasing an additional 12,697 shares during the period. Finally, State Street Corp grew its position in Whirlpool by 1.0% during the 3rd quarter. State Street Corp now owns 1,650,386 shares of the company's stock worth $176,591,000 after purchasing an additional 15,752 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Insider Activity at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the sale, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.05% of the stock is owned by company insiders.

Whirlpool Stock Down 1.3 %

NYSE WHR traded down $1.45 on Thursday, reaching $113.99. The stock had a trading volume of 773,792 shares, compared to its average volume of 1,129,904. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $126.30. The business has a 50 day moving average price of $110.42 and a 200 day moving average price of $102.97. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 11.24 and a beta of 1.46.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, beating the consensus estimate of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.09 billion. The firm's quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.45 EPS. On average, analysts forecast that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Friday, November 15th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.14%. Whirlpool's dividend payout ratio is currently 69.03%.

Wall Street Analysts Forecast Growth

WHR has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Royal Bank of Canada lowered their target price on Whirlpool from $76.00 to $74.00 and set an "underperform" rating on the stock in a research note on Friday, October 25th. Finally, Bank of America upped their target price on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Whirlpool currently has a consensus rating of "Hold" and a consensus target price of $106.50.

About Whirlpool

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.