United Services Automobile Association Acquires Shares of 3,597 Whirlpool Corporation $WHR

Key Points

• United Services Automobile Association has acquired 3,597 shares of Whirlpool Corporation, valued at approximately $322,000, indicating institutional investor interest in the company.
• Whirlpool's shares have faced recent challenges, with earnings per share of $1.34 missing analysts' expectations and a quarterly revenue decline of 5.4% compared to last year.
• The company recently declared a quarterly dividend of $0.90 per share, despite a negative payout ratio of -135.85%, signaling potential concerns about its financial health.

United Services Automobile Association bought a new stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,597 shares of the company's stock, valued at approximately $322,000.

Several other institutional investors also recently modified their holdings of WHR. Ameriprise Financial Inc. lifted its position in Whirlpool by 2.0% during the 4th quarter. Ameriprise Financial Inc. now owns 128,528 shares of the company's stock valued at $14,709,000 after acquiring an additional 2,538 shares during the period. Captrust Financial Advisors lifted its position in Whirlpool by 19.9% during the 4th quarter. Captrust Financial Advisors now owns 4,240 shares of the company's stock valued at $485,000 after acquiring an additional 704 shares during the period. Deutsche Bank AG lifted its position in Whirlpool by 28.2% during the 4th quarter. Deutsche Bank AG now owns 6,372 shares of the company's stock valued at $729,000 after acquiring an additional 1,403 shares during the period. Focus Partners Wealth purchased a new position in Whirlpool during the 4th quarter valued at about $235,000. Finally, Jefferies Financial Group Inc. purchased a new position in Whirlpool during the 4th quarter valued at about $436,000. 90.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Whirlpool Price Performance

Shares of NYSE:WHR opened at $92.27 on Friday. Whirlpool Corporation has a fifty-two week low of $73.72 and a fifty-two week high of $135.49. The business has a 50-day simple moving average of $93.12 and a two-hundred day simple moving average of $89.13. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -34.82 and a beta of 1.16.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results 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 positive return on equity of 20.81% and a negative net margin of 0.95%.The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.88 billion. During the same period last year, the firm posted $2.39 EPS. Whirlpool's quarterly revenue was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, August 29th. Whirlpool's payout ratio is currently -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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