Wedbush Securities Inc. Has $215,000 Stock Position in Whirlpool Co. (NYSE:WHR)

Wedbush Securities Inc. lowered its holdings in shares of Whirlpool Co. (NYSE:WHR) by 9.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,106 shares of the company’s stock after selling 220 shares during the period. Wedbush Securities Inc.’s holdings in Whirlpool were worth $215,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. SouthState Corp acquired a new position in Whirlpool in the 2nd quarter worth about $28,000. Ashton Thomas Private Wealth LLC acquired a new position in Whirlpool in the 2nd quarter worth about $32,000. UMB Bank n.a. increased its holdings in Whirlpool by 80.6% in the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after purchasing an additional 191 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in Whirlpool in the 1st quarter worth about $45,000. Finally, Parallel Advisors LLC increased its holdings in Whirlpool by 82.5% in the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada lowered their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday, July 26th. Bank of America initiated coverage on Whirlpool in a research report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Whirlpool currently has an average rating of “Hold” and an average target price of $103.75.

Whirlpool Trading Up 5.0 %

NYSE WHR opened at $98.59 on Monday. The business’s 50-day moving average price is $99.81 and its two-hundred day moving average price is $100.15. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $138.90. The firm has a market capitalization of $5.41 billion, a PE ratio of 13.58 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, meeting the consensus estimate of $2.39. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the company earned $4.21 EPS. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. On average, analysts expect that Whirlpool Co. will post 11.31 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Friday, August 30th were given a dividend of $1.75 per share. The ex-dividend date was Friday, August 30th. This represents a $7.00 annualized dividend and a dividend yield of 7.10%. Whirlpool’s payout ratio is 96.42%.

Insider Activity at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.05% of the stock is owned by corporate insiders.

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.