CreativeOne Wealth LLC Acquires 3,093 Shares of Whirlpool Co. (NYSE:WHR)

CreativeOne Wealth LLC raised its stake in Whirlpool Co. (NYSE:WHR) by 103.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,075 shares of the company’s stock after acquiring an additional 3,093 shares during the quarter. CreativeOne Wealth LLC’s holdings in Whirlpool were worth $650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of WHR. Dimensional Fund Advisors LP grew its holdings in Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock valued at $100,304,000 after purchasing an additional 312,729 shares during the period. RWWM Inc. bought a new position in shares of Whirlpool during the 2nd quarter worth $30,174,000. Newport Trust Company LLC increased its holdings in Whirlpool by 23.8% in the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after acquiring an additional 269,976 shares during the last quarter. AQR Capital Management LLC raised its stake in Whirlpool by 240.9% in the 2nd quarter. AQR Capital Management LLC now owns 375,613 shares of the company’s stock valued at $38,125,000 after acquiring an additional 265,418 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Whirlpool by 14.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock valued at $216,094,000 after purchasing an additional 258,871 shares during the last quarter. 90.78% of the stock is owned by institutional investors.

Whirlpool Stock Performance

NYSE WHR opened at $111.42 on Friday. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $125.68. The company has a fifty day moving average of $107.09 and a 200-day moving average of $100.40. The company has a market capitalization of $6.14 billion, a P/E ratio of 10.99 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94.

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

Whirlpool Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have 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 objective 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 cut their price target on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.50.

Insider Transactions at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at $1,907,000. The trade was a 14.62 % 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 company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.