Belpointe Asset Management LLC Reduces Stake in Whirlpool Corporation $WHR

Key Points

• Belpointe Asset Management LLC significantly reduced its stake in Whirlpool Corporation by 59.3% in the first quarter, owning 4,977 shares valued at $449,000 after selling 7,259 shares.
• Whirlpool's recent EPS miss of $1.34 fell short of analyst expectations of $1.54, alongside a revenue decline of 5.4% year-over-year.
• The company has cut its dividend to $0.90 per share, reflecting a dividend payout ratio of -135.85%, indicating financial strain.

Belpointe Asset Management LLC lowered its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 59.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,977 shares of the company's stock after selling 7,259 shares during the quarter. Belpointe Asset Management LLC's holdings in Whirlpool were worth $449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cheviot Value Management LLC purchased a new stake in Whirlpool in the 1st quarter worth approximately $36,000. Ransom Advisory Ltd purchased a new position in shares of Whirlpool in the 1st quarter valued at approximately $38,000. UMB Bank n.a. lifted its stake in shares of Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after purchasing an additional 129 shares during the period. Manitou Investment Management Ltd. purchased a new position in shares of Whirlpool in the 1st quarter valued at approximately $50,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Whirlpool by 77.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after purchasing an additional 244 shares during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Royal Bank Of Canada lowered their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday, July 30th. Bank of America restated an "underperform" rating and issued a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Loop Capital restated a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. Finally, Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Monday, June 30th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $98.83.

Whirlpool Stock Down 2.8%

WHR stock opened at $92.27 on Monday. Whirlpool Corporation has a twelve month low of $73.72 and a twelve month high of $135.49. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The firm has a market cap of $5.16 billion, a PE ratio of -34.82 and a beta of 1.16. The business has a 50 day moving average of $93.12 and a 200 day moving average of $88.92.

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

Whirlpool Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.9%. Whirlpool's dividend payout ratio (DPR) is presently -135.85%.

Whirlpool 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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