Creative Planning Purchases 6,305 Shares of Whirlpool Co. (NYSE:WHR)

Creative Planning raised its position in Whirlpool Co. (NYSE:WHR) by 128.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,220 shares of the company’s stock after buying an additional 6,305 shares during the quarter. Creative Planning’s holdings in Whirlpool were worth $1,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SouthState Corp bought a new position in Whirlpool in the second quarter valued at approximately $28,000. Altshuler Shaham Ltd bought a new position in shares of Whirlpool in the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Whirlpool during the 2nd quarter worth $32,000. Salem Investment Counselors Inc. bought a new stake in shares of Whirlpool during the 1st quarter worth $45,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Whirlpool by 1,010.5% in the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after buying an additional 384 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WHR. Royal Bank of Canada dropped their target price on shares of 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 started coverage on shares of Whirlpool in a research note on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $103.75.

Whirlpool Trading Up 1.1 %

Shares of WHR stock opened at $104.71 on Thursday. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $132.31. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The stock has a 50 day simple moving average of $99.53 and a two-hundred day simple moving average of $99.72. The company has a market cap of $5.72 billion, a P/E ratio of 14.38 and a beta of 1.44.

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

Whirlpool Announces Dividend

The company also recently disclosed 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 was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a yield of 6.69%. Whirlpool’s dividend payout ratio (DPR) 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.