Allworth Financial LP Sells 322 Shares of Whirlpool Co. (NYSE:WHR)

Allworth Financial LP trimmed its position in Whirlpool Co. (NYSE:WHR) by 36.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 566 shares of the company’s stock after selling 322 shares during the period. Allworth Financial LP’s holdings in Whirlpool were worth $61,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SouthState Corp bought a new position in shares of Whirlpool in the 2nd quarter valued at $28,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Whirlpool in the 2nd quarter valued at $32,000. Altshuler Shaham Ltd bought a new position in shares of Whirlpool in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after acquiring an additional 384 shares during the last quarter. 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 acquiring an additional 191 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $103.16 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. The business has a 50-day moving average price of $102.50 and a two-hundred day moving average price of $98.63. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $125.68. The company has a market cap of $5.69 billion, a P/E ratio of 10.17 and a beta of 1.44.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the business posted $5.45 EPS. The business’s revenue was down 18.9% compared to the same quarter last year. As a group, analysts anticipate that Whirlpool Co. will post 12.19 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a yield of 6.79%. Whirlpool’s payout ratio is currently 69.03%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Bank of America increased their price objective on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $106.50.

Insiders Place Their Bets

In other news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the sale, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $326,600.00. Following the completion of the sale, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

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.