UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,059 Shares of Whirlpool Co. (NYSE:WHR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,752 shares of the company's stock after selling 5,059 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Whirlpool worth $17,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Whirlpool by 46.8% in the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company's stock valued at $100,304,000 after purchasing an additional 312,729 shares in the last quarter. RWWM Inc. bought a new position in Whirlpool in the 2nd quarter valued at $30,174,000. Newport Trust Company LLC increased its stake in shares of Whirlpool by 23.8% in the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company's stock valued at $143,381,000 after buying an additional 269,976 shares during the period. AQR Capital Management LLC raised its position in shares of Whirlpool by 240.9% during the second quarter. AQR Capital Management LLC now owns 375,613 shares of the company's stock worth $38,125,000 after acquiring an additional 265,418 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Whirlpool by 14.7% during the third 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 during the period. Institutional investors and hedge funds own 90.78% of the company's stock.

Insider Activity

In related news, CFO James W. Peters sold 6,000 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. This trade represents a 12.61 % decrease in their ownership of the stock. 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 company insiders.

Wall Street Analyst Weigh In

WHR has been the subject of a number of research reports. Royal Bank of Canada lowered their price objective on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, Bank of America increased their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $106.50.

Whirlpool Trading Up 4.0 %

Shares of WHR stock traded up $4.30 on Friday, reaching $112.82. The company had a trading volume of 904,765 shares, compared to its average volume of 599,943. Whirlpool Co. has a 12 month low of $84.18 and a 12 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 stock has a market cap of $6.22 billion, a PE ratio of 11.13 and a beta of 1.46. The company has a 50-day moving average of $107.68 and a 200-day moving average of $101.06.

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

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool's dividend payout ratio is currently 69.03%.

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.