Institutional Capital Lowers stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Institutional Capital reduced its stake in Whirlpool Corporation by 23.11% during the most recent quarter end. The investment management company now holds a total of 1,393,183 shares of Whirlpool Corporation which is valued at $259,090,243 after selling 418,644 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Whirlpool Corporation makes up approximately 3.01% of Institutional Capital’s portfolio.

Other Hedge Funds, Including , Employees Retirement System Of Texas boosted its stake in WHR in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 4,000 shares of Whirlpool Corporation which is valued at $743,880. Whirlpool Corporation makes up approx 0.01% of Employees Retirement System Of Texas’s portfolio.Atlantic Trust Group boosted its stake in WHR in the latest quarter, The investment management firm added 535 additional shares and now holds a total of 115,314 shares of Whirlpool Corporation which is valued at $21,444,945. Whirlpool Corporation makes up approx 0.15% of Atlantic Trust Group’s portfolio. Gideon Capital Advisors added WHR to its portfolio by purchasing 1,993 company shares during the most recent quarter which is valued at $370,638. Whirlpool Corporation makes up approx 0.21% of Gideon Capital Advisors’s portfolio.Baker Ellis Asset Management boosted its stake in WHR in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 6,050 shares of Whirlpool Corporation which is valued at $1,163,778. Whirlpool Corporation makes up approx 0.36% of Baker Ellis Asset Management’s portfolio.

Whirlpool Corporation opened for trading at $181 and hit $182.63 on the upside on Monday, eventually ending the session at $181.34, with a gain of 0.18% or 0.32 points. The heightened volatility saw the trading volume jump to 4,90,978 shares. Company has a market cap of $13,681 M.

On the company’s financial health, Whirlpool Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $3.37. The company had revenue of $5198.00 million for the quarter, compared to analysts expectations of $5130.20 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.70 EPS.

Many Wall Street Analysts have commented on Whirlpool Corporation. Whirlpool Corporation was Upgraded by Raymond James to ” Strong Buy” on Jul 25, 2016. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 215 from a previous price target of $204 .

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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