Primecap Management Co. CA Sells 21,960 Shares of Whirlpool Co. (NYSE:WHR)

Primecap Management Co. CA reduced its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,836,290 shares of the company's stock after selling 21,960 shares during the period. Primecap Management Co. CA owned 8.77% of Whirlpool worth $517,483,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SouthState Corp bought a new position in shares of Whirlpool during the second quarter valued at about $28,000. Altshuler Shaham Ltd bought a new stake in Whirlpool in the second quarter worth about $32,000. Ashton Thomas Private Wealth LLC bought a new stake in Whirlpool in the second quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in Whirlpool by 1,010.5% in the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company's stock worth $43,000 after acquiring an additional 384 shares during the period. Finally, UMB Bank n.a. raised its position in Whirlpool by 80.6% in the second quarter. UMB Bank n.a. now owns 428 shares of the company's stock worth $44,000 after acquiring an additional 191 shares during the period. 90.78% of the stock is owned by institutional investors.

Insider Transactions at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares of the company's stock, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WHR. Bank of America boosted their price target on shares of Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reduced their price objective on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Whirlpool presently has an average rating of "Hold" and a consensus target price of $106.50.

Whirlpool Stock Up 0.1 %

Shares of NYSE WHR opened at $109.79 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $125.68. The firm has a market capitalization of $6.05 billion, a PE ratio of 10.83 and a beta of 1.44. The firm has a fifty day simple moving average of $105.01 and a two-hundred day simple moving average of $99.47.

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

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool's dividend payout ratio is presently 69.03%.

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.

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