Belpointe Asset Management LLC Sells 7,259 Shares of 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 reduced its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 59.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ransom Advisory Ltd acquired a new stake in shares of Whirlpool in the first quarter valued at about $38,000. Bayforest Capital Ltd grew its position in Whirlpool by 816.6% during the first quarter. Bayforest Capital Ltd now owns 6,086 shares of the company's stock worth $549,000 after buying an additional 5,422 shares in the last quarter. SCS Capital Management LLC acquired a new stake in Whirlpool during the first quarter worth about $1,063,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Whirlpool by 15.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,918 shares of the company's stock worth $19,371,000 after buying an additional 27,995 shares in the last quarter. Finally, Optimize Financial Inc grew its position in Whirlpool by 43.4% during the first quarter. Optimize Financial Inc now owns 7,757 shares of the company's stock worth $699,000 after buying an additional 2,347 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Price Performance

WHR traded down $2.30 during midday trading on Friday, reaching $82.60. 1,620,344 shares of the company's stock were exchanged, compared to its average volume of 1,097,379. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -31.17 and a beta of 1.16. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The business has a 50-day simple moving average of $90.96 and a two-hundred day simple moving average of $88.68.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly 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 for 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 quarter in the prior year, the business earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.90 dividend. The ex-dividend date was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.4%. Whirlpool's payout ratio is -135.85%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WHR shares. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research report on Monday, June 30th. Bank of America reissued an "underperform" rating and set a $70.00 target price (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Royal Bank Of Canada decreased their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Loop Capital reissued a "hold" rating and set a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $98.83.

About Whirlpool

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.