Birmingham Capital Management Co. Inc. AL Sells 385 Shares of Whirlpool Co. (NYSE:WHR)

Birmingham Capital Management Co. Inc. AL lowered its stake in Whirlpool Co. (NYSE:WHR) by 5.5% in the 2nd quarter, Holdings Channel reports. The firm owned 6,667 shares of the company’s stock after selling 385 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Whirlpool were worth $681,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FIFTHDELTA Ltd purchased a new position in Whirlpool during the first quarter valued at approximately $50,986,000. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock valued at $100,304,000 after purchasing an additional 312,729 shares during the period. RWWM Inc. purchased a new position in shares of Whirlpool during the 2nd quarter valued at $30,174,000. Newport Trust Company LLC increased its holdings 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 purchasing an additional 269,976 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Whirlpool by 240.9% during the second quarter. AQR Capital Management LLC now owns 375,613 shares of the company’s stock valued at $38,125,000 after buying an additional 265,418 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 0.0 %

Shares of WHR stock opened at $106.97 on Wednesday. The business has a 50-day moving average price of $99.15 and a two-hundred day moving average price of $99.88. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $134.28. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The firm has a market cap of $5.84 billion, a P/E ratio of 14.73 and a beta of 1.44.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the firm earned $4.21 earnings per share. Whirlpool’s revenue for the quarter was down 16.8% on a year-over-year basis. Equities analysts anticipate 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. Investors of record on Friday, August 30th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend was Friday, August 30th. Whirlpool’s payout ratio is presently 96.42%.

Insiders Place Their Bets

In other news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

WHR has been the topic of a number of research analyst reports. Bank of America assumed coverage on Whirlpool in a research note on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 target price on the stock. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $103.75.

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.