Axa S.A. Sells 88,366 Shares of Whirlpool Co. (NYSE:WHR)

Posted by Defense World Staff on Mar 1st, 2023

Axa S.A. cut its position in shares of Whirlpool Co. (NYSE:WHR – Get Rating) by 94.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,429 shares of the company’s stock after selling 88,366 shares during the period. Axa S.A.’s holdings in Whirlpool were worth $732,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Whirlpool by 3.6% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,719 shares of the company’s stock valued at $266,000 after purchasing an additional 60 shares during the period. Rowland & Co. Investment Counsel ADV increased its position in shares of Whirlpool by 3.3% during the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,210 shares of the company’s stock worth $298,000 after buying an additional 70 shares during the period. Curi Wealth Management LLC grew its holdings in Whirlpool by 8.6% in the second quarter. Curi Wealth Management LLC now owns 1,119 shares of the company’s stock worth $173,000 after purchasing an additional 89 shares during the period. Birmingham Capital Management Co. Inc. AL lifted its stake in shares of Whirlpool by 1.3% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 7,813 shares of the company’s stock valued at $1,210,000 after buying an additional 100 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Whirlpool by 96.2% in the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Christopher S. Conley sold 1,535 shares of the company’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $147.20, for a total value of $225,952.00. Following the transaction, the vice president now owns 2,384 shares in the company, valued at approximately $350,924.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.33% of the stock is currently owned by company insiders.

Whirlpool Stock Down 0.7 %

NYSE:WHR opened at $137.98 on Wednesday. The firm’s 50-day moving average price is $147.51 and its 200-day moving average price is $147.03. The company has a market capitalization of $7.52 billion, a PE ratio of -4.92 and a beta of 1.50. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.08 and a quick ratio of 0.73. Whirlpool Co. has a 1-year low of $124.43 and a 1-year high of $210.99.

Whirlpool (NYSE:WHR – Get Rating) last released its earnings results on Tuesday, January 31st. The company reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.29 by $0.60. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.92 billion. Whirlpool had a negative net margin of 7.71% and a positive return on equity of 27.98%. The company’s revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.14 EPS. On average, equities analysts predict that Whirlpool Co. will post 16.68 EPS for the current fiscal year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Friday, March 3rd will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Thursday, March 2nd. Whirlpool’s payout ratio is -24.96%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WHR shares. Royal Bank of Canada lifted their target price on shares of Whirlpool from $108.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $160.00 price objective on shares of Whirlpool in a report on Thursday, November 17th. JPMorgan Chase & Co. lowered their price target on shares of Whirlpool from $145.00 to $137.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th. Credit Suisse Group upped their price target on shares of Whirlpool from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. Finally, StockNews.com downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, Whirlpool has an average rating of “Reduce” and an average target price of $144.00.

About Whirlpool

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Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.