The Manufacturers Life Insurance Company Decreases Stock Holdings in Whirlpool Co. (NYSE:WHR)

The Manufacturers Life Insurance Company lowered its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 46,202 shares of the company's stock after selling 7,388 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Whirlpool worth $4,722,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA grew its holdings in Whirlpool by 1.8% in the 2nd quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company's stock worth $496,513,000 after acquiring an additional 84,574 shares during the last quarter. Newport Trust Company LLC grew its holdings in Whirlpool by 23.8% in the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company's stock worth $143,381,000 after acquiring an additional 269,976 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Whirlpool by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company's stock worth $100,304,000 after acquiring an additional 312,729 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in Whirlpool by 84.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company's stock worth $54,418,000 after acquiring an additional 243,743 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Whirlpool by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 462,308 shares of the company's stock worth $47,248,000 after acquiring an additional 8,244 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Trading Up 0.3 %

Shares of WHR traded up $0.29 during trading hours on Tuesday, reaching $103.51. 361,339 shares of the company traded hands, compared to its average volume of 1,215,771. The company's fifty day moving average price is $99.51 and its two-hundred day moving average price is $99.77. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 14.26 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $132.31.

Whirlpool (NYSE:WHR - Get Free Report) last announced its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, meeting analysts' consensus estimates of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the firm posted $4.21 EPS. The company's revenue for the quarter was down 16.8% compared to the same quarter last year. Equities research analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Friday, August 30th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a yield of 6.76%. Whirlpool's dividend payout ratio (DPR) is currently 96.42%.

Analyst Ratings Changes

WHR has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of Whirlpool in a report on Tuesday, July 30th. They issued an "underperform" rating and a $88.00 price target on the stock. Royal Bank of Canada cut their price target on shares of Whirlpool from $79.00 to $76.00 and set an "underperform" rating on the stock in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $103.75.

Insider Activity at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool 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 completion of the transaction, the executive vice president now directly owns 19,070 shares of the company's stock, valued at $1,907,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.05% of the stock is currently owned by corporate insiders.

Whirlpool 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.