Marshall Wace LLP Cuts Stock Position in Whirlpool Co. (NYSE:WHR)

Marshall Wace LLP decreased its holdings in shares of Whirlpool Co. (NYSE:WHR) by 51.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 719,490 shares of the company’s stock after selling 759,979 shares during the quarter. Marshall Wace LLP’s holdings in Whirlpool were worth $73,532,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. SouthState Corp bought a new stake in shares of Whirlpool in the 2nd quarter worth about $28,000. Ashton Thomas Private Wealth LLC purchased a new position in Whirlpool in the second quarter worth about $32,000. Altshuler Shaham Ltd purchased a new position in Whirlpool in the second quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after purchasing an additional 384 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Whirlpool by 80.6% in the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Up 1.2 %

WHR opened at $103.56 on Wednesday. Whirlpool Co. has a one year low of $84.18 and a one year high of $135.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 14.26 and a beta of 1.44. The stock’s 50 day moving average price is $99.14 and its 200-day moving average price is $99.92.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.39. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the firm posted $4.21 earnings per share. The business’s revenue was down 16.8% compared to the same quarter last year. On average, equities analysts forecast that Whirlpool Co. will post 11.31 EPS for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Friday, August 30th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a yield of 6.76%. Whirlpool’s payout ratio is 96.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WHR shares. Royal Bank of Canada cut their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research report on Friday, July 26th. Bank of America assumed coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $103.75.

Insider Buying and Selling at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the transaction, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at $1,907,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.05% of the stock is owned by corporate insiders.

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.