Wedbush Securities Inc. Buys New Shares in Whirlpool Corporation $WHR

Wedbush Securities Inc. purchased a new position in shares of Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,428 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Whirlpool by 22.9% in the 2nd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $80,000 after purchasing an additional 146 shares during the period. Anderson Financial Strategies LLC increased its position in Whirlpool by 35.3% during the first quarter. Anderson Financial Strategies LLC now owns 644 shares of the company’s stock worth $58,000 after buying an additional 168 shares during the last quarter. Voya Investment Management LLC raised its stake in Whirlpool by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 6,613 shares of the company’s stock valued at $596,000 after acquiring an additional 186 shares during the period. UMB Bank n.a. boosted its position in Whirlpool by 44.0% during the second quarter. UMB Bank n.a. now owns 645 shares of the company’s stock worth $65,000 after purchasing an additional 197 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Whirlpool by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company’s stock valued at $1,397,000 after purchasing an additional 200 shares during the period. Institutional investors own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

WHR has been the topic of several research analyst reports. Bank of America reissued an “underperform” rating and issued a $70.00 price target (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, October 8th. Royal Bank Of Canada reissued an “underperform” rating on shares of Whirlpool in a report on Wednesday, October 29th. Zacks Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Loop Capital reissued a “hold” rating and issued a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $86.43.

Whirlpool Trading Down 0.1%

Shares of WHR stock opened at $66.60 on Thursday. Whirlpool Corporation has a fifty-two week low of $65.43 and a fifty-two week high of $135.49. The stock’s fifty day moving average price is $78.19 and its two-hundred day moving average price is $85.36. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.86. The company has a market cap of $3.74 billion, a PE ratio of -19.77 and a beta of 1.18.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.68. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.Whirlpool’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $3.43 earnings per share. Whirlpool has set its FY 2025 guidance at EPS. Equities analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, November 21st. Whirlpool’s dividend payout ratio is currently -107.14%.

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.