5,410 Shares in Whirlpool Co. (NYSE:WHR) Purchased by Optimize Financial Inc

Optimize Financial Inc bought a new position in Whirlpool Co. (NYSE:WHR) during the fourth quarter, Holdings Channel reports. The fund bought 5,410 shares of the company’s stock, valued at approximately $619,000.

Other hedge funds have also modified their holdings of the company. Brown Lisle Cummings Inc. acquired a new stake in Whirlpool during the 4th quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Whirlpool during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC lifted its holdings in shares of Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after purchasing an additional 210 shares in the last quarter. Nemes Rush Group LLC boosted its position in Whirlpool by 79.1% during the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Finally, Bogart Wealth LLC increased its holdings in shares of Whirlpool by 113.6% in the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on WHR shares. The Goldman Sachs Group raised their price target on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Whirlpool currently has a consensus rating of “Hold” and an average price target of $106.00.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $81.23 on Friday. The stock has a market capitalization of $4.50 billion, a P/E ratio of -13.86 and a beta of 1.31. The business has a 50-day moving average of $94.60 and a two-hundred day moving average of $106.68. Whirlpool Co. has a fifty-two week low of $75.04 and a fifty-two week high of $135.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same period last year, the firm posted $3.85 EPS. On average, equities research analysts predict that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Friday, February 28th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 annualized dividend and a dividend yield of 8.62%. Whirlpool’s dividend payout ratio is presently -119.45%.

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.