Will Whirlpool Corporation Go Down Anytime Soon? Option Trader Believe So

 Will Whirlpool Corporation Go Down Anytime Soon? Option Trader Believe So

In today’s session Whirlpool Corporation (WHR) recorded an unusually high (273) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious WHR decrease. With 273 contracts traded and 14654 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: WHR161118P00155000 closed last at: $9.4 or 9.9% up. About 583,299 shares traded hands. Whirlpool Corporation (NYSE:WHR) has declined 14.93% since March 29, 2016 and is downtrending. It has underperformed by 18.40% the S&P500.

Whirlpool Corporation (NYSE:WHR) Ratings Coverage

Out of 6 analysts covering Whirlpool (NYSE:WHR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $213 is the highest target while $171 is the lowest. The $190 average target is 26.55% above today’s ($150.14) stock price. Whirlpool has been the topic of 12 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Tuesday, September 15 the stock rating was upgraded by RBC Capital Markets to “Top Pick”. Gabelli initiated the stock with “Buy” rating in Tuesday, October 27 report. The stock of Whirlpool Corporation (NYSE:WHR) has “Outperform” rating given on Thursday, August 13 by RBC Capital Markets. As per Thursday, February 4, the company rating was upgraded by Goldman Sachs. The rating was maintained by M Partners with “Buy” on Monday, December 7. JP Morgan upgraded Whirlpool Corporation (NYSE:WHR) on Tuesday, March 15 to “Overweight” rating. RBC Capital Markets maintained the shares of WHR in a report on Monday, October 26 with “Top Pick” rating. The stock has “Strong Buy” rating given by Raymond James on Monday, October 26. Gabelli downgraded Whirlpool Corporation (NYSE:WHR) on Monday, September 12 to “Hold” rating. The firm earned “Neutral” rating on Monday, October 17 by M Partners.

According to Zacks Investment Research, “Whirlpool Corp. manufactures and markets a full line of major appliances and related products, primarily for home use. The company’s principal products are home laundry appliances, home refrigerators and freezers, home cooking appliances, home dishwashers, room air-conditioning equipment, and mixers and other small household appliances. The company also produces hermetic compressors and plastic components, primarily for the home appliance and electronics industries.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.08, from 1.19 in 2016Q1. The ratio worsened, as 50 funds sold all Whirlpool Corporation shares owned while 189 reduced positions. 76 funds bought stakes while 189 increased positions. They now own 65.34 million shares or 4.77% less from 68.61 million shares in 2016Q1.
Blackrock Inv Management Ltd Co, a New Jersey-based fund reported 194,990 shares. Tradition Mgmt Lc accumulated 1.61% or 28,833 shares. Crestpoint Capital Mgmt Limited last reported 1,400 shares in the company. Global X Ltd Liability holds 341 shares or 0% of its portfolio. Hodges Cap Management Inc accumulated 0.25% or 30,865 shares. The Japan-based Tokio Marine Asset Limited has invested 0.05% in Whirlpool Corporation (NYSE:WHR). Principal Grp has invested 0.03% of its portfolio in Whirlpool Corporation (NYSE:WHR). Crestwood Advsrs Ltd Limited Liability Company holds 89,968 shares or 1.85% of its portfolio. Guggenheim Ltd Liability Corporation last reported 163,610 shares in the company. Adirondack Tru Com reported 130 shares or 0.02% of all its holdings. Westpac last reported 12,418 shares in the company. Harris Associate L P holds 2.08 million shares or 0.7% of its portfolio. Sumitomo Mitsui Asset Management accumulated 6,118 shares or 0.03% of the stock. Edinburgh Prns holds 10.25% or 405,439 shares in its portfolio. Hm Payson has 6,170 shares for 0.05% of their US portfolio.

Insider Transactions: Since May 2, 2016, the stock had 1 insider purchase, and 6 insider sales for $26.98 million net activity. 10,307 shares with value of $1.87M were sold by SZCZUPAK DAVID T on Wednesday, September 7. WHITE MICHAEL D had bought 2,700 shares worth $466,494. $2.74 million worth of Whirlpool Corporation (NYSE:WHR) shares were sold by Brega Joao Carlos. Shares for $3.60M were sold by Venturelli Larry M on Tuesday, May 10. $744,975 worth of shares were sold by Bitzer Marc R on Monday, May 2. Shares for $17.24 million were sold by FETTIG JEFF M.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The company has a market cap of $11.52 billion. The Firm makes products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. It has a 13.11 P/E ratio. The Company’s divisions include North America, Latin America, EMEA and Asia.

WHR Company Profile

Whirlpool Corporation, incorporated on August 10, 1955, is a maker and marketer of home appliances. The Firm makes products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s divisions include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia. The Firm makes and markets a line of home appliances and related products. The Company’s principal products are laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems.

More notable recent Whirlpool Corporation (NYSE:WHR) news were published by: Prnewswire.com which released: “Whirlpool Corporation Reports Third-Quarter 2016 Results” on October 25, 2016, also Prnewswire.com with their article: “Whirlpool Corporation Breaks Ground on Newest Wind Project” published on October 26, 2016, Prnewswire.com published: “Whirlpool Corporation Declares Quarterly Dividend” on October 18, 2016. More interesting news about Whirlpool Corporation (NYSE:WHR) were released by: Prnewswire.com and their article: “Whirlpool Corporation Partners with How2Recycle to Help Consumers Recycle …” published on October 11, 2016 as well as Prnewswire.com‘s news article titled: “Whirlpool Corporation To Announce Third-Quarter Results And Hold Conference …” with publication date: October 14, 2016.

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