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

Prime Capital Investment Advisors LLC cut its stake in Whirlpool Corporation (NYSE:WHR) by 19.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 65,585 shares of the company’s stock after selling 15,892 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Whirlpool were worth $6,652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK bought a new position in Whirlpool during the second quarter valued at about $385,000. Fishman Jay A Ltd. MI boosted its position in shares of Whirlpool by 51.7% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 154,972 shares of the company’s stock valued at $15,717,000 after purchasing an additional 52,825 shares in the last quarter. IVC Wealth Advisors LLC acquired a new position in shares of Whirlpool in the 2nd quarter worth approximately $243,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Whirlpool by 12.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,602 shares of the company’s stock worth $5,132,000 after purchasing an additional 5,668 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in Whirlpool during the second quarter valued at approximately $702,000. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 0.9%

Shares of NYSE WHR opened at $79.35 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The business has a 50-day moving average price of $86.81 and a two-hundred day moving average price of $87.57. The firm has a market capitalization of $4.43 billion, a PE ratio of -29.94 and a beta of 1.17.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.20). The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company earned $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WHR. Wall Street Zen cut Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Loop Capital reaffirmed a “hold” rating and set a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a research report on Saturday, September 27th. Longbow Research upgraded Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, June 30th. Finally, Zacks Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $98.83.

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.