Access Investment Management LLC Takes $7.80 Million Position in Whirlpool Corporation $WHR

Access Investment Management LLC acquired a new position in shares of Whirlpool Corporation (NYSE:WHR) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 76,870 shares of the company’s stock, valued at approximately $7,796,000. Whirlpool comprises approximately 2.2% of Access Investment Management LLC’s investment portfolio, making the stock its 15th biggest position. Access Investment Management LLC owned 0.14% of Whirlpool at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Cheviot Value Management LLC purchased a new stake in Whirlpool in the first quarter valued at approximately $36,000. Ransom Advisory Ltd purchased a new stake in shares of Whirlpool in the 1st quarter valued at $38,000. HHM Wealth Advisors LLC lifted its stake in Whirlpool by 77.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock worth $50,000 after acquiring an additional 244 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in Whirlpool during the 2nd quarter valued at about $51,000. Finally, Bogart Wealth LLC grew its position in Whirlpool by 80.6% in the 2nd quarter. Bogart Wealth LLC now owns 511 shares of the company’s stock valued at $52,000 after acquiring an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

WHR has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday. Royal Bank Of Canada reissued an “underperform” rating on shares of Whirlpool in a research report on Wednesday. Bank of America reiterated an “underperform” rating and issued a $70.00 price objective (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Wall Street Zen raised Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $86.43.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $71.50 on Monday. Whirlpool Corporation has a 12 month low of $70.95 and a 12 month high of $135.49. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.46. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of -21.28 and a beta of 1.17. The firm’s fifty day simple moving average is $82.14 and its 200-day simple moving average is $85.95.

Whirlpool (NYSE:WHR) last announced its earnings results on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.68. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm earned $3.43 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, November 21st. Whirlpool’s dividend payout ratio is currently -107.14%.

Whirlpool 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.