Whirlpool Corporation (NYSE:WHR) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in Whirlpool Corporation (NYSE:WHR) by 18.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,431 shares of the company’s stock after selling 321 shares during the period. Fifth Third Bancorp’s holdings in Whirlpool were worth $129,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in Whirlpool by 7.5% in the fourth quarter. Empowered Funds LLC now owns 2,782 shares of the company’s stock valued at $318,000 after purchasing an additional 193 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Whirlpool by 17.3% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $76,000 after buying an additional 98 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Whirlpool by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 8,306 shares of the company’s stock worth $900,000 after buying an additional 331 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Whirlpool during the 4th quarter worth $482,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Whirlpool during the 4th quarter worth $318,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America raised Whirlpool from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $68.00 to $94.00 in a report on Friday, June 13th. JPMorgan Chase & Co. reduced their price objective on Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada decreased their price objective on shares of Whirlpool from $81.00 to $65.00 and set an “underperform” rating for the company in a report on Friday, April 25th. Finally, Wall Street Zen downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and an average price target of $99.25.

Whirlpool Price Performance

Shares of WHR opened at $91.89 on Friday. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.72 and a quick ratio of 0.40. The stock has a fifty day moving average price of $81.13 and a 200 day moving average price of $97.80. The company has a market cap of $5.11 billion, a P/E ratio of 656.35 and a beta of 1.18.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.03. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the company earned $1.78 EPS. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. On average, research analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Friday, May 16th were paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 7.62%. The ex-dividend date of this dividend was Friday, May 16th. Whirlpool’s payout ratio is currently 5,000.00%.

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.