Primecap Management Co. CA Sells 24,514 Shares of Whirlpool Corporation $WHR

Primecap Management Co. CA cut its holdings in Whirlpool Corporation (NYSE:WHR) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,595,012 shares of the company’s stock after selling 24,514 shares during the quarter. Primecap Management Co. CA owned about 8.22% of Whirlpool worth $466,026,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Semanteon Capital Management LP acquired a new position in shares of Whirlpool during the 2nd quarter valued at about $238,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Whirlpool during the second quarter worth approximately $331,000. Citizens Financial Group Inc. RI acquired a new position in Whirlpool during the second quarter valued at approximately $206,000. Cetera Investment Advisers raised its position in shares of Whirlpool by 31.3% in the second quarter. Cetera Investment Advisers now owns 20,955 shares of the company’s stock valued at $2,125,000 after purchasing an additional 4,997 shares during the period. Finally, Creative Planning raised its position in shares of Whirlpool by 1.6% in the second quarter. Creative Planning now owns 9,776 shares of the company’s stock valued at $992,000 after purchasing an additional 157 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WHR has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. The Goldman Sachs Group lowered their target price on Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Stifel Nicolaus reduced their price objective on Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Finally, Bank of America reaffirmed an “underperform” rating and set a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Whirlpool currently has a consensus rating of “Reduce” and a consensus target price of $86.43.

Whirlpool Trading Up 0.7%

Shares of WHR opened at $68.69 on Wednesday. Whirlpool Corporation has a 1 year low of $65.35 and a 1 year high of $135.49. The stock has a market cap of $3.86 billion, a PE ratio of -20.44 and a beta of 1.18. The company has a current ratio of 0.86, a quick ratio of 0.46 and a debt-to-equity ratio of 2.33. The stock has a 50 day simple moving average of $76.13 and a 200-day simple moving average of $85.18.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 27th. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.68. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company earned $3.43 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

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 $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, November 21st. Whirlpool’s payout ratio is -107.14%.

Whirlpool 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.