Burney Co. Sells 861 Shares of Whirlpool Co. (NYSE:WHR)

Burney Co. trimmed its holdings in shares of Whirlpool Co. (NYSE:WHR) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,132 shares of the company’s stock after selling 861 shares during the period. Burney Co.’s holdings in Whirlpool were worth $1,656,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WHR. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Whirlpool by 3.6% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,719 shares of the company’s stock worth $266,000 after buying an additional 60 shares during the last quarter. Viking Fund Management LLC raised its holdings in shares of Whirlpool by 0.3% in the 2nd quarter. Viking Fund Management LLC now owns 27,070 shares of the company’s stock valued at $4,028,000 after purchasing an additional 70 shares during the period. Parallel Advisors LLC raised its holdings in shares of Whirlpool by 52.9% in the 2nd quarter. Parallel Advisors LLC now owns 211 shares of the company’s stock valued at $31,000 after purchasing an additional 73 shares during the period. Assetmark Inc. grew its holdings in Whirlpool by 8.9% during the first quarter. Assetmark Inc. now owns 968 shares of the company’s stock worth $128,000 after purchasing an additional 79 shares during the period. Finally, RKL Wealth Management LLC increased its position in Whirlpool by 1.4% during the second quarter. RKL Wealth Management LLC now owns 6,561 shares of the company’s stock worth $976,000 after buying an additional 90 shares during the last quarter. Institutional investors own 90.89% of the company’s stock.

Whirlpool Price Performance

NYSE:WHR opened at $112.28 on Friday. The firm’s 50-day simple moving average is $123.71 and its 200 day simple moving average is $135.11. Whirlpool Co. has a 52 week low of $98.40 and a 52 week high of $160.74. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of -3.80, a P/E/G ratio of 0.92 and a beta of 1.58. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.53 and a current ratio of 0.87.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $4.38 by $1.07. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.79 billion. Whirlpool had a positive return on equity of 38.84% and a negative net margin of 8.38%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $4.49 EPS. As a group, sell-side analysts predict that Whirlpool Co. will post 15.99 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $7.00 annualized dividend and a yield of 6.23%. Whirlpool’s dividend payout ratio is -23.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WHR. Credit Suisse Group reiterated a “neutral” rating and set a $150.00 target price on shares of Whirlpool in a research note on Tuesday, July 25th. StockNews.com started coverage on shares of Whirlpool in a research report on Thursday, October 5th. They set a “hold” rating for the company. Longbow Research lowered shares of Whirlpool from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. TheStreet downgraded shares of Whirlpool from a “c” rating to a “d+” rating in a report on Wednesday, October 25th. Finally, Royal Bank of Canada lowered their price target on shares of Whirlpool from $121.00 to $92.00 and set an “underperform” rating on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Whirlpool has an average rating of “Hold” and a consensus target price of $125.20.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in 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.