Whirlpool Corporation (NYSE:WHR) Shares Sold by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors LLC has reduced its holdings in Whirlpool Corporation by 9.3% during the first quarter, now owning approximately 40,683 shares worth $3.67 million.
• Whirlpool's stock recently opened at $82.73 and has a market cap of $4.62 billion, with a one-year price range between $73.72 and $135.49.
• The company reported a loss of $0.20 in its EPS compared to analysts' expectations and has an average target price of $101.00 among analysts, reflecting a generally cautious outlook on the stock.

IPG Investment Advisors LLC reduced its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,683 shares of the company's stock after selling 4,157 shares during the period. IPG Investment Advisors LLC owned about 0.07% of Whirlpool worth $3,667,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. grew its holdings in Whirlpool by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 32,674 shares of the company's stock valued at $3,740,000 after purchasing an additional 121 shares during the period. UMB Bank n.a. lifted its position in shares of 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 acquiring an additional 129 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Whirlpool by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,260 shares of the company's stock valued at $2,663,000 after acquiring an additional 140 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Whirlpool by 3.7% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company's stock valued at $377,000 after acquiring an additional 149 shares in the last quarter. Finally, GeoWealth Management LLC lifted its position in shares of Whirlpool by 49.1% in the fourth quarter. GeoWealth Management LLC now owns 495 shares of the company's stock valued at $57,000 after acquiring an additional 163 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $82.73 on Monday. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -31.22 and a beta of 1.17. 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 business's 50 day moving average price is $93.29 and its 200 day moving average price is $93.44.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS 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 company had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. During the same quarter in the previous year, the business posted $2.39 EPS. The business's quarterly revenue was down 5.4% compared to the same quarter last year. On average, research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WHR. Bank of America restated an "underperform" rating and issued a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. JPMorgan Chase & Co. decreased their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research report on Monday, June 30th. Royal Bank Of Canada decreased their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $101.00.

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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