WBI Investments LLC Has $1.17 Million Position 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 position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 24.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Several other large investors also recently added to or reduced their stakes in WHR. Ameriprise Financial Inc. raised its stake 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 purchasing an additional 2,538 shares during the period. Captrust Financial Advisors increased its stake in shares of Whirlpool by 19.9% in the fourth quarter. Captrust Financial Advisors now owns 4,240 shares of the company's stock worth $485,000 after acquiring an additional 704 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Whirlpool by 28.2% during the fourth quarter. Deutsche Bank AG now owns 6,372 shares of the company's stock worth $729,000 after acquiring an additional 1,403 shares in the last quarter. Focus Partners Wealth acquired a new stake in Whirlpool during the fourth quarter valued at $235,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Whirlpool during the fourth quarter valued at $436,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Trading Down 0.1%

Shares of WHR stock opened at $93.70 on Thursday. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49. The company has a market cap of $5.24 billion, a PE ratio of -35.36 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. The business's 50 day moving average is $93.76 and its two-hundred day moving average is $89.25.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the prior year, the company posted $2.39 earnings per share. Whirlpool'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. Equities analysts predict that Whirlpool Corporation will post 9.52 EPS 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 issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, August 29th. Whirlpool's dividend payout ratio is -135.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America reissued an "underperform" rating and set a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Loop Capital reissued 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 downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a report on Monday, June 30th. Finally, Royal Bank Of Canada decreased their price objective on shares of 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 assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $98.83.

About Whirlpool

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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