Primecap Management Co. CA Sells 24,514 Shares of Whirlpool Corporation $WHR

Primecap Management Co. CA trimmed its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,595,012 shares of the company’s stock after selling 24,514 shares during the period. Primecap Management Co. CA owned 0.08% of Whirlpool worth $466,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in shares of Whirlpool by 28.9% in the first quarter. Envestnet Asset Management Inc. now owns 51,580 shares of the company’s stock valued at $4,649,000 after purchasing an additional 11,557 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Whirlpool by 116.8% in the 1st quarter. New York State Common Retirement Fund now owns 51,278 shares of the company’s stock valued at $4,622,000 after purchasing an additional 27,623 shares during the period. Sigma Planning Corp increased its position in Whirlpool by 9.3% during the 1st quarter. Sigma Planning Corp now owns 2,368 shares of the company’s stock worth $213,000 after buying an additional 201 shares during the period. Kingsview Wealth Management LLC increased its position in Whirlpool by 30.1% during the 1st quarter. Kingsview Wealth Management LLC now owns 3,039 shares of the company’s stock worth $274,000 after buying an additional 704 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Whirlpool in the first quarter valued at about $1,594,000. 90.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a research report on Wednesday, October 29th. Stifel Nicolaus lowered their target price on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Whirlpool has a consensus rating of “Reduce” and an average price target of $86.43.

Whirlpool Trading Up 0.7%

Shares of WHR stock opened at $68.69 on Wednesday. Whirlpool Corporation has a fifty-two week low of $65.35 and a fifty-two week high of $135.49. The stock’s fifty day moving average price is $76.13 and its two-hundred day moving average price is $85.18. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.86. The company has a market cap of $3.86 billion, a PE ratio of -20.44 and a beta of 1.18.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.68. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the company earned $3.43 EPS. Whirlpool’s revenue for the quarter was up 1.0% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at EPS. Equities analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, November 21st. Whirlpool’s dividend payout ratio is currently -107.14%.

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.