New Mexico Educational Retirement Board Sells 900 Shares of Whirlpool Co. (NYSE:WHR)

New Mexico Educational Retirement Board decreased its position in Whirlpool Co. (NYSE:WHR) by 18.6% during the 1st quarter, Holdings Channel reports. The firm owned 3,944 shares of the company’s stock after selling 900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Whirlpool were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Whirlpool by 1.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,246 shares of the company’s stock worth $536,000 after purchasing an additional 107 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Whirlpool by 1.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 8,626 shares of the company’s stock worth $740,000 after purchasing an additional 107 shares during the last quarter. Creative Planning grew its holdings in shares of Whirlpool by 3.0% in the 1st quarter. Creative Planning now owns 3,725 shares of the company’s stock worth $320,000 after purchasing an additional 108 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Whirlpool in the 4th quarter worth about $4,500,000. Finally, MML Investors Services LLC grew its holdings in shares of Whirlpool by 5.5% in the 1st quarter. MML Investors Services LLC now owns 2,372 shares of the company’s stock worth $203,000 after purchasing an additional 123 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool stock opened at $129.18 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 1.35. Whirlpool Co. has a 1 year low of $64.00 and a 1 year high of $163.64. The company has a market cap of $8.03 billion, a PE ratio of 9.54, a PEG ratio of 0.78 and a beta of 1.98. The company’s 50-day moving average is $124.12 and its two-hundred day moving average is $125.49.

Whirlpool (NYSE:WHR) last released its earnings results on Thursday, April 30th. The company reported $2.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.82. Whirlpool had a net margin of 4.33% and a return on equity of 25.56%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the company posted $3.11 EPS. The company’s revenue was down 9.1% compared to the same quarter last year. Research analysts forecast that Whirlpool Co. will post 9.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, May 14th. This represents a $4.80 dividend on an annualized basis and a yield of 3.72%. Whirlpool’s payout ratio is presently 30.00%.

WHR has been the topic of several research reports. Royal Bank of Canada upped their price target on shares of Whirlpool from $71.00 to $80.00 and gave the stock an “underperform” rating in a research report on Monday, May 4th. Raymond James reiterated a “hold” rating on shares of Whirlpool in a research report on Wednesday, March 25th. Credit Suisse Group upped their price target on shares of Whirlpool from $90.00 to $103.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 23rd. Bank of America upped their price target on shares of Whirlpool from $115.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Finally, Longbow Research reduced their price target on shares of Whirlpool from $178.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $123.44.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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