Venture Visionary Partners LLC Reduces Holdings in Whirlpool Corporation $WHR

Venture Visionary Partners LLC trimmed its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 23.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,964 shares of the company’s stock after selling 13,967 shares during the quarter. Venture Visionary Partners LLC’s holdings in Whirlpool were worth $3,534,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Whirlpool by 2.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,299,425 shares of the company’s stock valued at $233,208,000 after acquiring an additional 63,448 shares during the period. Newport Trust Company LLC raised its holdings in Whirlpool by 11.4% in the 1st quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company’s stock worth $162,784,000 after purchasing an additional 184,132 shares during the period. Dimensional Fund Advisors LP lifted its position in Whirlpool by 25.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company’s stock valued at $155,343,000 after purchasing an additional 350,397 shares in the last quarter. Geode Capital Management LLC grew its holdings in Whirlpool by 4.7% during the second quarter. Geode Capital Management LLC now owns 1,221,838 shares of the company’s stock valued at $124,189,000 after purchasing an additional 54,584 shares during the period. Finally, Norges Bank purchased a new stake in Whirlpool in the second quarter worth about $71,595,000. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Trading Down 2.1%

Shares of WHR opened at $75.62 on Wednesday. The firm has a market cap of $4.25 billion, a P/E ratio of -22.51 and a beta of 1.21. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.47. Whirlpool Corporation has a 1 year low of $65.35 and a 1 year high of $135.49. The company has a 50 day simple moving average of $73.57 and a two-hundred day simple moving average of $84.75.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, October 27th. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.41 by $0.68. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.92 billion. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.43 earnings per share. On average, equities analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were given a dividend of $0.90 per share. The ex-dividend date was Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.8%. Whirlpool’s dividend payout ratio (DPR) is presently -107.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WHR. The Goldman Sachs Group lowered their price objective on Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Wall Street Zen raised shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Royal Bank Of Canada reissued an “underperform” rating on shares of Whirlpool in a research note on Wednesday, October 29th. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Whirlpool currently has a consensus rating of “Reduce” and a consensus target price of $86.43.

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.