Cwm LLC Boosts Stock Holdings in Whirlpool Co. (NYSE:WHR)

Cwm LLC grew its position in shares of Whirlpool Co. (NYSE:WHR) by 33.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,605 shares of the company’s stock after purchasing an additional 1,661 shares during the quarter. Cwm LLC’s holdings in Whirlpool were worth $707,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of Whirlpool by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock valued at $599,000 after purchasing an additional 125 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Whirlpool by 8.1% during the 1st quarter. Greenleaf Trust now owns 1,880 shares of the company’s stock valued at $225,000 after purchasing an additional 141 shares in the last quarter. Arizona State Retirement System increased its holdings in Whirlpool by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 15,247 shares of the company’s stock worth $1,558,000 after acquiring an additional 172 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Whirlpool by 2.5% in the 1st quarter. Park Avenue Securities LLC now owns 7,005 shares of the company’s stock worth $838,000 after acquiring an additional 174 shares in the last quarter. Finally, 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 acquiring an additional 191 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Trading Up 2.3 %

Shares of WHR opened at $107.18 on Friday. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $132.25. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The firm’s fifty day moving average is $101.08 and its two-hundred day moving average is $99.27. The stock has a market cap of $5.86 billion, a PE ratio of 14.76 and a beta of 1.44.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the company posted $4.21 EPS. The firm’s quarterly revenue was down 16.8% on a year-over-year basis. Research analysts forecast that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.75 per share. The ex-dividend date is Friday, November 15th. This represents a $7.00 annualized dividend and a yield of 6.53%. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

Analysts Set New Price Targets

WHR has been the subject of several recent analyst reports. Royal Bank of Canada cut their price target 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 initiated coverage on shares of Whirlpool in a report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.75.

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction 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 of the company’s stock, valued at $1,907,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.05% of the stock is currently owned by corporate insiders.

About Whirlpool

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.