Richard Pzena Continues to Sell Down Whirlpool Corp. Positions
Whirlpool Corp. manufactures and markets a full line of major appliances and related products primarily for home use. Whirlpool Corp. has a market cap of $4.94 billion; its shares were traded at around $66.72 with a P/E ratio of 13.7 and P/S ratio of 0.3. The dividend yield of Whirlpool Corp. stocks is 2.6%. Whirlpool Corp. had an annual average earning growth of 5.7% over the past 10 years. GuruFocus rated Whirlpool Corp. the business predictability rank of 2.5-star.
Pzena initiated a small position of 94,500 shares in 2Q01, and increased over the years to a peak holding of 8.15 million shares by 4Q07. He has been selling shares since then. In 2Q09 he was seen reducing his position from 4.03 million shares to 3.79 million shares. The August 31 sale is the continuation of his sale that began in 1Q08.
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