Whirlpool Co. (NYSE:WHR) Shares Sold by First City Capital Management Inc.

First City Capital Management Inc. trimmed its stake in shares of Whirlpool Co. (NYSE:WHR) by 17.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,440 shares of the company’s stock after selling 515 shares during the period. First City Capital Management Inc.’s holdings in Whirlpool were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Legacy Financial Advisors Inc. grew its stake in shares of Whirlpool by 94.6% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 5,498 shares of the company’s stock worth $562,000 after purchasing an additional 2,672 shares during the period. Wolf Hill Capital Management LP acquired a new stake in Whirlpool during the second quarter valued at $14,167,000. Sei Investments Co. increased its holdings in Whirlpool by 7.8% in the second quarter. Sei Investments Co. now owns 44,793 shares of the company’s stock valued at $4,578,000 after buying an additional 3,225 shares in the last quarter. Newport Trust Company LLC raised its position in shares of Whirlpool by 23.8% in the second quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after acquiring an additional 269,976 shares during the period. Finally, AE Wealth Management LLC purchased a new stake in shares of Whirlpool during the 2nd quarter worth about $10,418,000. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WHR. Royal Bank of Canada reduced their price target on 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 began coverage on Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.75.

Whirlpool Price Performance

Shares of Whirlpool stock opened at $102.41 on Friday. The stock has a market capitalization of $5.60 billion, a P/E ratio of 14.11 and a beta of 1.44. The business has a 50 day simple moving average of $99.48 and a two-hundred day simple moving average of $100.05. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $135.45. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58.

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

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date was Friday, August 30th. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

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.