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Jump Financial LLC Acquires 90,500 Shares of Whirlpool Corporation $WHR

Whirlpool logo with Consumer Discretionary background

Key Points

  • Jump Financial LLC increased its stake in Whirlpool Corporation by 4,246.8%, acquiring 90,500 additional shares, bringing its total ownership to 92,631 shares valued at $8.35 million.
  • Whirlpool's recent earnings report showed a miss on estimates, with $1.34 EPS compared to the expected $1.54, and revenue of $3.77 billion, falling short of the $3.88 billion consensus.
  • The company announced a quarterly dividend of $0.90, resulting in a yield of 3.8%, but its dividend payout ratio is currently at a concerning -264.15%.
  • Looking to export and analyze Whirlpool data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Jump Financial LLC raised its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 4,246.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,631 shares of the company's stock after acquiring an additional 90,500 shares during the period. Jump Financial LLC owned approximately 0.17% of Whirlpool worth $8,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WHR. Charles Schwab Investment Management Inc. increased its holdings in Whirlpool by 5.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock worth $201,529,000 after buying an additional 117,964 shares in the last quarter. Newport Trust Company LLC increased its holdings in Whirlpool by 11.4% in the 1st quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock worth $162,784,000 after buying an additional 184,132 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Whirlpool by 25.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after buying an additional 350,397 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Whirlpool by 19.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock worth $138,377,000 after buying an additional 199,663 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Whirlpool by 1.3% in the 1st quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company's stock worth $94,424,000 after buying an additional 13,038 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Whirlpool Stock Performance

WHR traded down $0.17 during midday trading on Wednesday, reaching $94.77. The company had a trading volume of 807,959 shares, compared to its average volume of 1,425,538. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year 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 company has a market cap of $5.30 billion, a P/E ratio of -35.76 and a beta of 1.17. The business has a 50-day moving average of $94.70 and a two-hundred day moving average of $89.94.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 0.95% and a positive return on equity of 20.81%. The company had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. During the same period in the previous year, the firm earned $2.39 earnings per share. The firm's quarterly revenue was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, equities research analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.8%. Whirlpool's payout ratio is currently -264.15%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Loop Capital reiterated a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Longbow Research upgraded 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. Bank of America reissued an "underperform" rating and issued a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada lowered their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $98.83.

Read Our Latest Research Report on Whirlpool

About Whirlpool

(Free Report)

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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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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