Kwmg LLC Purchases 3,428 Shares of Whirlpool Corporation $WHR

Key Points

• Kwmg LLC increased its stake in Whirlpool Corporation by 7.2% during Q2 by acquiring 3,428 additional shares, bringing its total holdings to approximately 51,172 shares valued at $5.19 million.
• Whirlpool's stock is currently facing downward pressure, with a 1.9% decline reported, and analysts maintaining a consensus rating of "Hold" with an average price target of $98.83.
• The company has recently cut its dividend, paying a quarterly dividend of $0.90, which reflects a troubling payout ratio of -135.85%.

Kwmg LLC raised its position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,172 shares of the company's stock after acquiring an additional 3,428 shares during the period. Kwmg LLC owned approximately 0.09% of Whirlpool worth $5,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG raised its stake in Whirlpool by 28.2% during the fourth quarter. Deutsche Bank AG now owns 6,372 shares of the company's stock valued at $729,000 after purchasing an additional 1,403 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Whirlpool by 13.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 186,923 shares of the company's stock worth $21,399,000 after buying an additional 22,171 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Whirlpool by 5.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 20,314 shares of the company's stock valued at $2,326,000 after buying an additional 1,099 shares in the last quarter. Forum Financial Management LP bought a new position in shares of Whirlpool in the 4th quarter valued at about $276,000. Finally, Ascent Group LLC lifted its holdings in shares of Whirlpool by 4.2% in the 4th quarter. Ascent Group LLC now owns 4,963 shares of the company's stock valued at $568,000 after acquiring an additional 198 shares during the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Loop Capital restated a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Bank of America reaffirmed an "underperform" rating and issued a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Longbow Research raised shares of 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. Finally, Royal Bank Of Canada decreased their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Two 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. Based on data from MarketBeat.com, Whirlpool has an average rating of "Hold" and an average price target of $98.83.

Whirlpool Stock Down 1.9%

WHR opened at $81.15 on Tuesday. The company has a market cap of $4.54 billion, a PE ratio of -30.62 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 twelve month low of $73.72 and a twelve month high of $135.49. The company has a 50-day moving average price of $90.45 and a 200 day moving average price of $88.53.

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

Whirlpool Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.90 dividend. The ex-dividend date was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a yield of 4.4%. Whirlpool's dividend 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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