Abel Hall LLC Purchases New Stake in Whirlpool Corporation $WHR

Key Points

• Abel Hall LLC has acquired a new stake in Whirlpool Corporation, purchasing 11,882 shares valued at around $1.2 million during the second quarter.
• Whirlpool's earnings per share (EPS) fell short of analysts' estimates at $1.34, missing the consensus of $1.54.
• The company recently announced a quarterly dividend of $0.90 per share, reflecting an annualized yield of 4.7%, despite a negative payout ratio of -135.85%.

Abel Hall LLC acquired a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,882 shares of the company's stock, valued at approximately $1,205,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cheviot Value Management LLC purchased a new stake in shares of Whirlpool during the 1st quarter worth approximately $36,000. Ransom Advisory Ltd bought a new position in Whirlpool during the first quarter valued at $38,000. UMB Bank n.a. increased its position in Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after buying an additional 129 shares during the last quarter. Manitou Investment Management Ltd. bought a new stake in shares of Whirlpool in the first quarter valued at $50,000. Finally, HHM Wealth Advisors LLC lifted its position in shares of Whirlpool by 77.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after buying an additional 244 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WHR has been the subject of several recent research reports. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a report on Monday, June 30th. Loop Capital reiterated a "hold" rating and set a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of Whirlpool in a research note on Saturday, September 27th. Zacks Research upgraded shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $98.83.

Whirlpool Trading Down 3.4%

Shares of Whirlpool stock opened at $76.64 on Wednesday. The company's 50-day moving average price is $86.66 and its 200-day moving average price is $87.49. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -28.92 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same period last year, the company posted $2.39 EPS. The business's revenue was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, equities analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, August 29th. Whirlpool's payout ratio is presently -135.85%.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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