MeadowBrook Investment Advisors LLC Has $225,000 Holdings in Whirlpool Co. (NYSE:WHR)

MeadowBrook Investment Advisors LLC cut its stake in Whirlpool Co. (NYSE:WHR) by 19.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,107 shares of the company’s stock after selling 493 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Whirlpool were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp acquired a new position in Whirlpool in the 2nd quarter worth $28,000. Ashton Thomas Private Wealth LLC acquired a new position in Whirlpool in the 2nd quarter worth $32,000. Altshuler Shaham Ltd acquired a new position in Whirlpool in the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC boosted its stake in Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after purchasing an additional 384 shares during the period. Finally, UMB Bank n.a. boosted its stake 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 buying an additional 191 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the sale, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by company insiders.

Whirlpool Stock Performance

Shares of WHR stock traded up $1.46 on Thursday, reaching $115.28. The stock had a trading volume of 169,580 shares, compared to its average volume of 1,171,575. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The firm’s 50-day moving average is $103.85 and its two-hundred day moving average is $98.98. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 11.35 and a beta of 1.44. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $125.68.

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

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.07%. Whirlpool’s payout ratio is presently 69.03%.

Analyst Upgrades and Downgrades

WHR has been the subject of a number of recent research reports. Bank of America increased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reduced their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company 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. According to data from MarketBeat.com, Whirlpool has a consensus rating of “Hold” and a consensus target price of $106.50.

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.