MeadowBrook Investment Advisors LLC Sells 493 Shares of Whirlpool Co. (NYSE:WHR)

MeadowBrook Investment Advisors LLC lowered its holdings in shares of Whirlpool Co. (NYSE:WHR) by 19.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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 SEC filing.

Several other large investors have also recently modified their holdings of WHR. Envestnet Portfolio Solutions Inc. raised its stake in shares of Whirlpool by 19.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company’s stock valued at $463,000 after acquiring an additional 621 shares during the last quarter. Empowered Funds LLC bought a new position in Whirlpool during the first quarter worth $1,054,000. Oppenheimer & Co. Inc. raised its stake in Whirlpool by 18.3% during the first quarter. Oppenheimer & Co. Inc. now owns 3,076 shares of the company’s stock worth $368,000 after buying an additional 475 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Whirlpool by 9.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,151 shares of the company’s stock worth $497,000 after buying an additional 343 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Whirlpool by 3.6% during the first quarter. Sei Investments Co. now owns 41,568 shares of the company’s stock worth $4,975,000 after buying an additional 1,451 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Insider Buying and Selling

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the business’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 transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’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 value of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James W. Peters sold 6,000 shares of the business’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 transaction 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 approximately $4,343,233.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.05% of the stock is owned by corporate insiders.

Whirlpool Stock Up 1.3 %

Shares of NYSE WHR traded up $1.46 during mid-day trading on Thursday, reaching $115.28. 169,580 shares of the company’s stock traded hands, compared to its average volume of 1,171,575. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $125.68. The stock has a market cap of $6.36 billion, a P/E ratio of 11.35 and a beta of 1.44. The business has a 50-day simple moving average of $103.85 and a 200 day simple moving average of $98.98. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping 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 business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the company earned $5.45 earnings per share. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. On average, analysts expect that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 6.07%. The ex-dividend date is Friday, November 15th. Whirlpool’s dividend payout ratio (DPR) is presently 69.03%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WHR. JPMorgan Chase & Co. lifted their target price 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. Bank of America lifted their price target on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada decreased their price target 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.