Cetera Investment Advisers Raises Holdings in Whirlpool Corporation $WHR

Cetera Investment Advisers grew its holdings in Whirlpool Corporation (NYSE:WHR) by 31.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,955 shares of the company’s stock after buying an additional 4,997 shares during the quarter. Cetera Investment Advisers’ holdings in Whirlpool were worth $2,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Whirlpool by 5.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company’s stock worth $201,529,000 after buying an additional 117,964 shares during the last quarter. Abel Hall LLC purchased a new position in Whirlpool during the 2nd quarter valued at about $1,205,000. Quinn Opportunity Partners LLC raised its position in Whirlpool by 30.4% during the second quarter. Quinn Opportunity Partners LLC now owns 77,273 shares of the company’s stock worth $7,837,000 after acquiring an additional 18,000 shares during the last quarter. First City Capital Management Inc. purchased a new stake in shares of Whirlpool in the second quarter valued at about $409,000. Finally, CCM Investment Group LLC purchased a new position in shares of Whirlpool during the 1st quarter worth approximately $628,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WHR. Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, October 8th. Stifel Nicolaus decreased their price objective on Whirlpool from $80.00 to $69.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Zacks Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Loop Capital reiterated a “hold” rating and set a $88.00 price target on shares of Whirlpool in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $86.43.

Whirlpool Stock Down 1.8%

Shares of NYSE WHR opened at $77.32 on Friday. The stock has a market capitalization of $4.34 billion, a PE ratio of -23.01 and a beta of 1.18. The company has a quick ratio of 0.46, a current ratio of 0.86 and a debt-to-equity ratio of 2.33. The firm has a fifty day moving average of $73.85 and a 200-day moving average of $84.89. Whirlpool Corporation has a 52-week low of $65.35 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.68. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $3.43 EPS. Whirlpool has set its FY 2025 guidance at EPS. On average, analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, November 21st. This represents a $3.60 annualized dividend and a dividend yield of 4.7%. Whirlpool’s payout ratio is presently -107.14%.

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.