Whirlpool Corporation (WHR) : Appaloosa Lp reduced its stake in Whirlpool Corporation by 11.23% during the most recent quarter end. The investment management company now holds a total of 1,158,794 shares of Whirlpool Corporation which is valued at $188,802,306 after selling 146,593 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Whirlpool Corporation makes up approximately 4.91% of Appaloosa Lp’s portfolio.
Other Hedge Funds, Including , Lazard Asset Management sold out all of its stake in WHR during the most recent quarter. The investment firm sold 994 shares of WHR which is valued $161,952. Marshall Wace Llp added WHR to its portfolio by purchasing 2,073 company shares during the most recent quarter which is valued at $342,045.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in WHR in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 11,707 shares of Whirlpool Corporation which is valued at $1,753,943. Whirlpool Corporation makes up approx 0.04% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Tower Bridge Advisors boosted its stake in WHR in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 36,384 shares of Whirlpool Corporation which is valued at $5,487,435. Whirlpool Corporation makes up approx 0.68% of Tower Bridge Advisors’s portfolio.
Whirlpool Corporation closed down -2.22 points or -1.36% at $161.05 with 6,83,514 shares getting traded on Monday. Post opening the session at $163.71, the shares hit an intraday low of $160.34 and an intraday high of $164.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Whirlpool Corporation reported $3.66 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $3.85. The company had revenue of $5248.00 million for the quarter, compared to analysts expectations of $5318.06 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.45 EPS.
Many Wall Street Analysts have commented on Whirlpool Corporation. Shares were Downgraded by MKM Partners on Oct 17, 2016 to ” Neutral” and Lowered the Price Target to $ 176 from a previous price target of $215 .Whirlpool Corporation was Downgraded by Gabelli & Co to ” Hold” on Sep 12, 2016.
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.