Mirae Asset Global Investments Ltd. Lowers stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Mirae Asset Global Investments Ltd. reduced its stake in Whirlpool Corporation by 15.49% during the most recent quarter end. The investment management company now holds a total of 128,067 shares of Whirlpool Corporation which is valued at $23,816,620 after selling 23,471 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Whirlpool Corporation makes up approximately 0.58% of Mirae Asset Global Investments Ltd.’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in WHR in the latest quarter, The investment management firm added 30,402 additional shares and now holds a total of 126,713 shares of Whirlpool Corporation which is valued at $23,564,817. Whirlpool Corporation makes up approx 0.03% of Credit Suisse Ag’s portfolio.Finemark National Bank Trust boosted its stake in WHR in the latest quarter, The investment management firm added 256 additional shares and now holds a total of 645 shares of Whirlpool Corporation which is valued at $120,692. Whirlpool Corporation makes up approx 0.01% of Finemark National Bank Trust’s portfolio.Glenmede Trust Co Na boosted its stake in WHR in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 1,991 shares of Whirlpool Corporation which is valued at $377,414.State Board Of Administration Of Florida Retirement System boosted its stake in WHR in the latest quarter, The investment management firm added 21,664 additional shares and now holds a total of 113,369 shares of Whirlpool Corporation which is valued at $21,490,228. Whirlpool Corporation makes up approx 0.07% of State Board Of Administration Of Florida Retirement System’s portfolio.Regentatlantic Capital boosted its stake in WHR in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 2,967 shares of Whirlpool Corporation which is valued at $544,949. Whirlpool Corporation makes up approx 0.05% of Regentatlantic Capital’s portfolio.

Whirlpool Corporation opened for trading at $185.15 and hit $187.13 on the upside on Tuesday, eventually ending the session at $186.24, with a gain of 1.35% or 2.48 points. The heightened volatility saw the trading volume jump to 6,66,222 shares. Company has a market cap of $14,051 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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