Whirlpool Co. (NYSE:WHR) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its stake in Whirlpool Co. (NYSE:WHR) by 14.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,296 shares of the company’s stock after selling 573 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Whirlpool were worth $337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Primecap Management Co. CA boosted its stake in Whirlpool by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 4,729,936 shares of the company’s stock worth $575,964,000 after purchasing an additional 26,630 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Whirlpool by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,425,552 shares of the company’s stock worth $173,589,000 after buying an additional 14,826 shares during the period. Newport Trust Company LLC grew its holdings in shares of Whirlpool by 9.8% during the fourth quarter. Newport Trust Company LLC now owns 1,169,039 shares of the company’s stock valued at $142,354,000 after buying an additional 103,909 shares in the last quarter. FIFTHDELTA Ltd acquired a new position in Whirlpool during the first quarter valued at $50,986,000. Finally, Russell Investments Group Ltd. lifted its stake in Whirlpool by 73.2% in the 1st quarter. Russell Investments Group Ltd. now owns 321,077 shares of the company’s stock worth $38,408,000 after acquiring an additional 135,740 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WHR shares. StockNews.com downgraded Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Royal Bank of Canada dropped their price objective on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research note on Friday, July 26th. Finally, Bank of America assumed coverage on shares of Whirlpool in a report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Whirlpool has an average rating of “Hold” and an average target price of $103.75.

Whirlpool Price Performance

NYSE WHR opened at $98.04 on Friday. The company has a 50 day moving average price of $98.69 and a two-hundred day moving average price of $101.39. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $142.52. The stock has a market capitalization of $5.38 billion, a PE ratio of 13.50 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the company posted $4.21 earnings per share. Whirlpool’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, equities analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Friday, August 30th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a yield of 7.14%. Whirlpool’s payout ratio is currently 96.42%.

About Whirlpool

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.