VCI Wealth Management LLC Purchases 25,462 Shares of Whirlpool Corporation $WHR

VCI Wealth Management LLC purchased a new position in shares of Whirlpool Corporation (NYSE:WHR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,462 shares of the company’s stock, valued at approximately $781,000.

A number of other institutional investors also recently made changes to their positions in the stock. Primecap Management Co. CA purchased a new stake in shares of Whirlpool in the second quarter valued at $141,801,000. RWWM Inc. increased its position in Whirlpool by 191.6% during the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock worth $130,628,000 after purchasing an additional 1,591,849 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Whirlpool during the 2nd quarter worth about $61,003,000. Nykredit A S acquired a new position in Whirlpool in the 2nd quarter valued at about $51,953,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Whirlpool in the 2nd quarter valued at about $24,601,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $31.50 on Tuesday. The company has a market cap of $2.07 billion, a P/E ratio of 227.58 and a beta of 1.21. The company has a quick ratio of 0.71, a current ratio of 1.14 and a debt-to-equity ratio of 1.84. Whirlpool Corporation has a 52 week low of $25.50 and a 52 week high of $94.82. The business has a fifty day simple moving average of $32.48 and a 200-day simple moving average of $48.60.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WHR. Royal Bank Of Canada reduced their target price on shares of Whirlpool from $22.00 to $15.00 and set an “underperform” rating on the stock in a report on Wednesday, October 28th. Zacks Research downgraded shares of Whirlpool from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Wells Fargo & Company lowered their price target on shares of Whirlpool from $30.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Longbow Research lowered shares of Whirlpool from a “buy” rating to a “neutral” rating in a research report on Monday, October 19th. Finally, Mizuho reduced their price objective on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Whirlpool currently has a consensus rating of “Reduce” and a consensus price target of $32.22.

About Whirlpool

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.