Park Avenue Securities LLC Sells 130 Shares of Whirlpool Co. (NYSE:WHR)

Park Avenue Securities LLC lowered its position in shares of Whirlpool Co. (NYSE:WHR) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,972 shares of the company’s stock after selling 130 shares during the period. Park Avenue Securities LLC’s holdings in Whirlpool were worth $798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Whirlpool by 323.1% in the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after purchasing an additional 210 shares during the period. Legend Financial Advisors Inc. purchased a new stake in shares of Whirlpool during the 4th quarter worth $34,000. True Wealth Design LLC boosted its position in Whirlpool by 545.5% during the third quarter. True Wealth Design LLC now owns 355 shares of the company’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in 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, Blue Trust Inc. increased its holdings in shares of Whirlpool by 69.1% during the third quarter. Blue Trust Inc. now owns 492 shares of the company’s stock valued at $50,000 after acquiring an additional 201 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WHR shares. The Goldman Sachs Group lifted their target price on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America boosted their target price on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $112.80.

Whirlpool Stock Performance

Shares of NYSE WHR opened at $131.86 on Wednesday. The company has a market capitalization of $7.27 billion, a PE ratio of 13.00 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. The company’s fifty day moving average price is $116.40 and its 200 day moving average price is $107.07. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $132.09.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $5.45 EPS. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, research analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current year.

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.