Whirlpool Co. (NYSE:WHR) Shares Sold by First City Capital Management Inc.

First City Capital Management Inc. lowered its stake in Whirlpool Co. (NYSE:WHR) by 16.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,035 shares of the company’s stock after selling 405 shares during the quarter. First City Capital Management Inc.’s holdings in Whirlpool were worth $218,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SouthState Corp acquired a new stake in Whirlpool in the 2nd quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Whirlpool in the second quarter valued at $32,000. Altshuler Shaham Ltd purchased a new stake in shares of Whirlpool in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 384 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Whirlpool by 80.6% during 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 period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WHR. Royal Bank of Canada reduced their price target on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America boosted their price target on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Whirlpool has a consensus rating of “Hold” and an average price target of $106.50.

Insider Activity

In related news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at $1,907,000. This represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

Whirlpool Stock Down 0.8 %

WHR stock opened at $111.39 on Tuesday. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $125.68. The company’s 50 day moving average price is $104.48 and its 200 day moving average price is $99.26. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 10.99 and a beta of 1.44.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.44. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.45 EPS. On average, equities research analysts anticipate that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a dividend of $1.75 per share. The ex-dividend date is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.28%. Whirlpool’s dividend payout ratio is currently 69.03%.

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.