Whirlpool Corporation $WHR Stock: International Assets Investment Management LLC Reduces Holdings

International Assets Investment Management LLC reduced its position in Whirlpool Corporation (NYSE:WHR) by 94.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,400 shares of the company’s stock after selling 25,953 shares during the quarter. International Assets Investment Management LLC’s holdings in Whirlpool were worth $43,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Hsbc Holdings PLC boosted its position in Whirlpool by 2.6% during the first quarter. Hsbc Holdings PLC now owns 7,720 shares of the company’s stock valued at $416,000 after acquiring an additional 199 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Whirlpool by 14.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,061 shares of the company’s stock worth $94,000 after acquiring an additional 398 shares in the last quarter. TCM Advisors LLC lifted its stake in shares of Whirlpool by 3.9% in the 1st quarter. TCM Advisors LLC now owns 10,618 shares of the company’s stock valued at $573,000 after purchasing an additional 400 shares during the period. Angeles Wealth Management LLC lifted its stake in shares of Whirlpool by 1.2% in the 2nd quarter. Angeles Wealth Management LLC now owns 39,171 shares of the company’s stock valued at $1,544,000 after purchasing an additional 474 shares during the period. Finally, Keynote Financial Services LLC boosted its position in shares of Whirlpool by 4.1% during the 1st quarter. Keynote Financial Services LLC now owns 12,043 shares of the company’s stock valued at $649,000 after purchasing an additional 477 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Down 3.2%

NYSE WHR traded down $1.02 during mid-day trading on Friday, hitting $30.52. The company’s stock had a trading volume of 3,223,850 shares, compared to its average volume of 4,910,477. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -14.06 and a beta of 1.21. The company’s 50 day simple moving average is $31.76 and its 200 day simple moving average is $47.51. The company has a current ratio of 1.14, a quick ratio of 0.69 and a debt-to-equity ratio of 1.84. Whirlpool Corporation has a twelve month low of $25.50 and a twelve month high of $94.82.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, October 26th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.94). The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.93 billion. Whirlpool had a positive return on equity of 0.47% and a negative net margin of 0.93%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 EPS. Analysts anticipate that Whirlpool Corporation will post -1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WHR shares. Mizuho decreased their target price on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Wall Street Zen lowered Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th. Zacks Research cut Whirlpool from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a research report on Wednesday, August 19th. Finally, The Goldman Sachs Group lowered their price objective on shares of Whirlpool from $41.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, October 27th. Eight investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $32.22.

Whirlpool Company Profile

Whirlpool Corporation (NYSE: WHR) is a global manufacturer and marketer of home appliances. The company develops products designed for kitchens and laundry rooms, including refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers, and related household appliances.

Whirlpool sells products under a portfolio of well-known brands, including Whirlpool, Maytag, KitchenAid, JennAir and Amana. Its products are distributed through retailers, builders, distributors and other sales channels to residential customers in North America and international markets.

The company traces its history to 1911, when it was founded as the Upton Machine Company in Benton Harbor, Michigan.