Whirlpool Corporation $WHR Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its position in Whirlpool Corporation (NYSE:WHR) by 19.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,585 shares of the company’s stock after selling 15,892 shares during the quarter. Prime Capital Investment Advisors LLC owned 0.12% of Whirlpool worth $6,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cheviot Value Management LLC acquired a new position in shares of Whirlpool in the first quarter worth about $36,000. Ransom Advisory Ltd purchased a new stake in Whirlpool during the 1st quarter worth approximately $38,000. UMB Bank n.a. raised its position in shares of Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company’s stock valued at $40,000 after purchasing an additional 129 shares in the last quarter. Manitou Investment Management Ltd. purchased a new position in shares of Whirlpool during the 1st quarter valued at approximately $50,000. Finally, HHM Wealth Advisors LLC grew its position in shares of Whirlpool by 77.2% during the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock worth $50,000 after buying an additional 244 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Down 0.9%

Whirlpool stock opened at $79.35 on Tuesday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The company has a 50-day simple moving average of $86.81 and a 200-day simple moving average of $87.57. The firm has a market capitalization of $4.43 billion, a P/E ratio of -29.94 and a beta of 1.17.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.20). The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.Whirlpool’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, equities analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, August 29th. Whirlpool’s payout ratio is -135.85%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings restated a “sell (d)” rating on shares of Whirlpool in a research note on Saturday, September 27th. Wall Street Zen lowered Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Loop Capital reissued a “hold” rating and set a $88.00 price target on shares of Whirlpool in a research report on Monday, August 4th. Finally, Royal Bank Of Canada decreased their price objective on shares of Whirlpool from $65.00 to $63.00 and set an “underperform” rating for the company in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Whirlpool has an average rating of “Reduce” and an average target price of $98.83.

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.