Birmingham Capital Management Co. Inc. AL Has $681,000 Stake in Whirlpool Co. (NYSE:WHR)

Birmingham Capital Management Co. Inc. AL lessened its position in Whirlpool Co. (NYSE:WHR) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,667 shares of the company’s stock after selling 385 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Whirlpool were worth $681,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SouthState Corp acquired a new position in shares of Whirlpool in the second quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC bought a new stake in Whirlpool during the 2nd quarter worth approximately $32,000. Altshuler Shaham Ltd acquired a new position in Whirlpool in the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its stake in shares of Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after acquiring an additional 384 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after purchasing an additional 191 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.05% of the company’s stock.

Whirlpool Stock Performance

WHR stock opened at $106.97 on Wednesday. The business has a 50 day moving average of $99.15 and a 200-day moving average of $99.88. The firm has a market cap of $5.84 billion, a PE ratio of 14.73 and a beta of 1.44. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $134.28. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the company posted $4.21 earnings per share. The firm’s quarterly revenue was down 16.8% compared to the same quarter last year. As a group, sell-side analysts expect that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were paid a $1.75 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $7.00 annualized dividend and a dividend yield of 6.54%. Whirlpool’s payout ratio is presently 96.42%.

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.