Park Avenue Securities LLC Has $379,000 Holdings in Whirlpool Corporation $WHR

Key Points

• Park Avenue Securities LLC reduced its stake in Whirlpool Corporation by 48.8%, now holding 3,735 shares valued at $379,000.
• Whirlpool's recent quarterly earnings report showed an EPS of $1.34, falling short of analyst estimates, and a revenue of $3.77 billion, which is down 5.4% from the previous year.
• The company announced a quarterly dividend of $0.90 per share with a 4.6% yield, although its payout ratio is currently negative at -135.85%.

Park Avenue Securities LLC cut its position in Whirlpool Corporation (NYSE:WHR - Free Report) by 48.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,735 shares of the company's stock after selling 3,561 shares during the period. Park Avenue Securities LLC's holdings in Whirlpool were worth $379,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Whirlpool Stock Up 0.3%

Shares of NYSE WHR opened at $78.60 on Wednesday. The stock has a market cap of $4.39 billion, a P/E ratio of -29.66 and a beta of 1.16. The firm has a 50 day moving average price of $88.38 and a 200 day moving average price of $88.01. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. Whirlpool Corporation has a 52-week low of $73.72 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). The firm had revenue of $3.77 billion for 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 for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a yield of 4.6%. Whirlpool's payout ratio is currently -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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