Campbell Capital Management Inc. Acquires Shares of 15,000 Whirlpool Co. (NYSE:WHR)

Campbell Capital Management Inc. purchased a new position in Whirlpool Co. (NYSE:WHR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,000 shares of the company's stock, valued at approximately $1,605,000. Whirlpool accounts for about 0.6% of Campbell Capital Management Inc.'s investment portfolio, making the stock its 28th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in shares of Whirlpool by 2.6% in the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company's stock worth $599,000 after purchasing an additional 125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Whirlpool by 16.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,957 shares of the company's stock worth $3,026,000 after acquiring an additional 3,513 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Whirlpool by 20.0% during the first quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company's stock valued at $5,007,000 after acquiring an additional 6,984 shares in the last quarter. FORA Capital LLC increased its holdings in shares of Whirlpool by 178.8% during the first quarter. FORA Capital LLC now owns 44,000 shares of the company's stock valued at $5,264,000 after acquiring an additional 28,216 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Whirlpool by 345.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 32,771 shares of the company's stock worth $3,920,000 after purchasing an additional 25,421 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Performance

Shares of WHR stock traded down $0.33 during trading hours on Friday, reaching $103.18. The company had a trading volume of 525,786 shares, compared to its average volume of 868,873. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. The business has a fifty day moving average price of $102.50 and a 200-day moving average price of $98.54. Whirlpool Co. has a one year low of $84.18 and a one year high of $125.68. The firm has a market cap of $5.69 billion, a PE ratio of 10.18 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping analysts' consensus estimates of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm's revenue was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.45 EPS. Sell-side analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Friday, November 15th. Whirlpool's dividend payout ratio is 69.03%.

Insider Buying and Selling at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares of the company's stock, valued at $4,343,233.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juan Carlos Puente sold 3,266 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 19,070 shares of the company's stock, valued at approximately $1,907,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company's stock.

Analyst Upgrades and Downgrades

WHR has been the subject of a number of analyst reports. Bank of America raised 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. JPMorgan Chase & Co. raised their price target on shares of Whirlpool from $103.00 to $109.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada decreased their price objective on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $106.50.

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.