Spears Abacus Advisors buys $20,225,167 stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Spears Abacus Advisors scooped up 1,150 additional shares in Whirlpool Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 108,755 shares of Whirlpool Corporation which is valued at $20,225,167.Whirlpool Corporation makes up approximately 2.44% of Spears Abacus Advisors’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. boosted its stake in WHR in the latest quarter, The investment management firm added 493 additional shares and now holds a total of 1,038 shares of Whirlpool Corporation which is valued at $193,037. Whirlpool Corporation makes up approx 0.03% of Mizuho Asset Managementltd.’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in WHR by selling 550 shares or 11.54% in the most recent quarter. The Hedge Fund company now holds 4,214 shares of WHR which is valued at $798,806. Whirlpool Corporation makes up approx 0.01% of Dekabank Deutsche Girozentrale’s portfolio.Emerald Advisers Incpa reduced its stake in WHR by selling 6,098 shares or 26.76% in the most recent quarter. The Hedge Fund company now holds 16,690 shares of WHR which is valued at $3,210,488. Whirlpool Corporation makes up approx 0.15% of Emerald Advisers Incpa’s portfolio.Tiaa Cref Trust Co Fsbmo boosted its stake in WHR in the latest quarter, The investment management firm added 1,443 additional shares and now holds a total of 12,046 shares of Whirlpool Corporation which is valued at $2,259,950. Whirlpool Corporation makes up approx 0.02% of Tiaa Cref Trust Co Fsbmo’s portfolio.

Whirlpool Corporation closed down -1.71 points or -0.93% at $182.87 with 7,73,846 shares getting traded on Friday. Post opening the session at $184.01, the shares hit an intraday low of $182.06 and an intraday high of $185.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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