Whirlpool Co. (NYSE:WHR) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its stake in Whirlpool Co. (NYSE:WHR) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,377 shares of the company’s stock after selling 2,523 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Whirlpool worth $7,141,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Private Advisor Group LLC lifted its stake in shares of Whirlpool by 99.0% in the 4th quarter. Private Advisor Group LLC now owns 10,709 shares of the company’s stock valued at $1,226,000 after purchasing an additional 5,328 shares during the period. Bank of New York Mellon Corp increased its holdings in Whirlpool by 54.0% in the fourth quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company’s stock valued at $72,917,000 after buying an additional 223,232 shares in the last quarter. Delta Financial Group Inc. acquired a new position in shares of Whirlpool in the fourth quarter worth about $343,000. First Dallas Securities Inc. boosted its stake in shares of Whirlpool by 99.4% during the 4th quarter. First Dallas Securities Inc. now owns 8,125 shares of the company’s stock worth $930,000 after acquiring an additional 4,050 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of Whirlpool by 1.4% during the 3rd quarter. Stifel Financial Corp now owns 440,175 shares of the company’s stock valued at $47,099,000 after acquiring an additional 6,049 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com upgraded Whirlpool from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group increased their target price on Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $106.00.

Whirlpool Trading Down 3.7 %

WHR stock opened at $89.58 on Friday. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $135.49. The business’s 50-day moving average is $103.65 and its 200 day moving average is $107.97. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of -15.29 and a beta of 1.44.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same period last year, the firm earned $3.85 EPS. On average, sell-side analysts anticipate that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Friday, February 28th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend was Friday, February 28th. Whirlpool’s dividend payout ratio is currently -119.45%.

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.