Creative Planning Sells 312 Shares of Whirlpool Co. (NYSE:WHR)

Creative Planning lessened its position in Whirlpool Co. (NYSE:WHR) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,908 shares of the company’s stock after selling 312 shares during the quarter. Creative Planning’s holdings in Whirlpool were worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. SouthState Corp purchased a new stake in shares of Whirlpool in the 2nd quarter worth about $28,000. Ashton Thomas Private Wealth LLC bought a new stake in Whirlpool during the second quarter worth about $32,000. Altshuler Shaham Ltd purchased a new stake in Whirlpool in the second quarter worth about $32,000. EverSource Wealth Advisors LLC increased 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 purchasing an additional 384 shares in 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 valued at $44,000 after purchasing an additional 191 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.

Insider Activity at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Juan Carlos Puente sold 3,266 shares of the 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 completion of the sale, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by company insiders.

Whirlpool Trading Down 0.0 %

Whirlpool stock opened at $103.51 on Friday. Whirlpool Co. has a one year low of $84.18 and a one year high of $125.68. The business’s fifty day moving average is $102.48 and its 200 day moving average is $98.65. The stock has a market capitalization of $5.71 billion, a PE ratio of 10.21 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the company earned $5.45 earnings per share. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. On average, sell-side analysts predict that Whirlpool Co. will post 12 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date is Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank of Canada cut their price target on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price target on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Bank of America lifted their price target on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.50.

Whirlpool Company 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.