Charles Schwab Investment Management Inc. Grows Holdings in Whirlpool Corporation (NYSE:WHR)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Whirlpool Corporation by 5.6%, owning 2.23 million shares valued at approximately $201.5 million as of the latest SEC filing.
• Whirlpool's stock performance showed a 52-week low of $73.72 and a high of $135.49, with current trading around $83.62.
• The company reported a quarterly earnings per share of $1.34, missing analysts' estimates of $1.54, and had a revenue decline of 5.4% year-over-year.

Charles Schwab Investment Management Inc. increased its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,235,977 shares of the company's stock after purchasing an additional 117,964 shares during the period. Charles Schwab Investment Management Inc. owned approximately 4.02% of Whirlpool worth $201,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WHR. Cheviot Value Management LLC purchased a new stake in shares of Whirlpool in the 1st quarter valued at approximately $36,000. TD Waterhouse Canada Inc. grew its holdings in Whirlpool by 120.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after purchasing an additional 175 shares during the period. UMB Bank n.a. lifted its position in shares of Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after purchasing an additional 129 shares in the last quarter. Manitou Investment Management Ltd. bought a new stake in shares of Whirlpool during the 1st quarter valued at about $50,000. Finally, HHM Wealth Advisors LLC lifted its position in Whirlpool by 77.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on WHR shares. Loop Capital set a $88.00 target price on shares of Whirlpool and gave the stock a "hold" rating in a research report on Monday, August 4th. Wall Street Zen lowered shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Bank of America reiterated an "underperform" rating and issued a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Finally, Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research report on Monday, June 30th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $98.83.

Whirlpool Trading Down 1.7%

Shares of NYSE:WHR traded down $1.44 during midday trading on Monday, reaching $82.27. The company's stock had a trading volume of 1,236,930 shares, compared to its average volume of 2,406,981. The business has a 50 day moving average price of $93.89 and a 200 day moving average price of $91.42. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. 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 firm has a market cap of $4.60 billion, a price-to-earnings ratio of -31.04 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing the consensus estimate 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 positive return on equity of 20.81% and a negative net margin of 0.95%. The business's quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the business earned $2.39 EPS. Research analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current year.

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.