WBI Investments LLC Trims Stake in Whirlpool Corporation $WHR

Key Points

• WBI Investments LLC reduced its stake in Whirlpool Corporation by 24.2%, owning 12,995 shares worth approximately $1.17 million at the end of the first quarter.
• Whirlpool recently reported earnings of $1.34 per share, missing expectations by 20 cents, alongside a 5.4% decline in year-over-year revenue.
• The company's recent dividend declaration of $0.90 per share reflects an annual yield of 3.8%, although its dividend payout ratio stands at a negative 135.85%.

WBI Investments LLC reduced its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 24.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,995 shares of the company's stock after selling 4,151 shares during the quarter. WBI Investments LLC's holdings in Whirlpool were worth $1,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WHR. Ameriprise Financial Inc. grew its stake in shares of Whirlpool by 2.0% during the fourth quarter. Ameriprise Financial Inc. now owns 128,528 shares of the company's stock valued at $14,709,000 after buying an additional 2,538 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Whirlpool by 19.9% during the fourth quarter. Captrust Financial Advisors now owns 4,240 shares of the company's stock valued at $485,000 after buying an additional 704 shares during the last quarter. Deutsche Bank AG grew its stake in shares of 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 buying an additional 1,403 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Whirlpool during the fourth quarter valued at about $235,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Whirlpool in the fourth quarter worth about $436,000. 90.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WHR. Loop Capital reissued a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. Bank of America reissued 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. 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 note on Monday, June 30th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, Royal Bank Of Canada cut their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $98.83.

Whirlpool Stock Down 0.7%

NYSE WHR traded down $0.60 during mid-day trading on Tuesday, reaching $89.33. The stock had a trading volume of 327,171 shares, compared to its average volume of 1,307,312. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The stock has a market cap of $4.99 billion, a PE ratio of -33.76 and a beta of 1.16. The company has a fifty day moving average price of $92.75 and a 200 day moving average price of $88.84. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46.

Whirlpool (NYSE:WHR - Get Free Report) last announced 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 positive return on equity of 20.81% and a negative net margin of 0.95%.The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.88 billion. During the same quarter in the previous year, the firm earned $2.39 earnings per share. Whirlpool's revenue was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, research analysts expect that Whirlpool Corporation will post 9.52 earnings per share 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 $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, August 29th. Whirlpool's payout ratio is presently -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.