Capital Growth Management Lp buys $132.4 Million stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Capital Growth Management Lp scooped up 175,000 additional shares in Whirlpool Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 785,000 shares of Whirlpool Corporation which is valued at $132.4 Million.Whirlpool Corporation makes up approximately 5.85% of Capital Growth Management Lp’s portfolio.

Other Hedge Funds, Including , Ikos Cif Ltd sold out all of its stake in WHR during the most recent quarter. The investment firm sold 10 shares of WHR which is valued $1,687.Mirae Asset Global Investments Ltd. boosted its stake in WHR in the latest quarter, The investment management firm added 60,118 additional shares and now holds a total of 151,538 shares of Whirlpool Corporation which is valued at $25.6 Million. Whirlpool Corporation makes up approx 0.71% of Mirae Asset Global Investments Ltd.’s portfolio.Menta Capital reduced its stake in WHR by selling 8,320 shares or 64.3% in the most recent quarter. The Hedge Fund company now holds 4,620 shares of WHR which is valued at $779,486. Whirlpool Corporation makes up approx 0.11% of Menta Capital’s portfolio. Dubuque Bank Trust Co sold out all of its stake in WHR during the most recent quarter. The investment firm sold 203 shares of WHR which is valued $35,870.Swiss National Bank boosted its stake in WHR in the latest quarter, The investment management firm added 61,200 additional shares and now holds a total of 203,165 shares of Whirlpool Corporation which is valued at $35.9 Million. Whirlpool Corporation makes up approx 0.06% of Swiss National Bank’s portfolio.

Whirlpool Corporation opened for trading at $174.56 and hit $176.46 on the upside on Wednesday, eventually ending the session at $174.39, with a gain of 0.08% or 0.14 points. The heightened volatility saw the trading volume jump to 6,91,936 shares. Company has a market cap of $13,248 M.

On the company’s financial health, Whirlpool Corporation reported $2.63 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $2.69. The company had revenue of $4616.00 million for the quarter, compared to analysts expectations of $4687.13 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.02 EPS.

Many Wall Street Analysts have commented on Whirlpool Corporation. Company shares were Reiterated by MKM Partners on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 204 from a previous price target of $175 .

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in 14 countries and markets products in nearly every country around the world under brand names such as Whirlpool KitchenAid Maytag Consul Brastemp Amana Bauknecht Jenn-Air and Indesit. The Company’s reportable segments consist of North America Latin America EMEA (Europe Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances refrigerators and freezers cooking appliances dishwashers mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems.

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