Altshuler Shaham Ltd Acquires Shares of 311 Whirlpool Co. (NYSE:WHR)

Altshuler Shaham Ltd bought a new stake in Whirlpool Co. (NYSE:WHR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 311 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds have also bought and sold shares of WHR. SouthState Corp acquired a new stake in shares of Whirlpool in the second quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Whirlpool during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its stake in Whirlpool by 1,010.5% in 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 in the last quarter. UMB Bank n.a. boosted its position in shares of Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after acquiring an additional 191 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in Whirlpool in the first quarter valued at approximately $45,000. 90.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WHR has been the subject of several recent analyst reports. Bank of America began coverage on Whirlpool in a research note on Tuesday, July 30th. They set an “underperform” rating and a $88.00 target price for the company. Royal Bank of Canada dropped their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Whirlpool currently has a consensus rating of “Hold” and a consensus price target of $103.75.

Whirlpool Price Performance

Shares of WHR opened at $102.41 on Monday. The business has a 50-day simple moving average of $99.48 and a two-hundred day simple moving average of $100.00. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $135.45. The stock has a market cap of $5.60 billion, a PE ratio of 14.11 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88.

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

Whirlpool Announces Dividend

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

Insider Buying and Selling at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’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 transaction, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.05% of the company’s stock.

Whirlpool Company 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.