Axxcess Wealth Management LLC Invests $364,000 in Whirlpool Co. (NYSE:WHR)

Axxcess Wealth Management LLC bought a new stake in shares of Whirlpool Co. (NYSE:WHR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,992 shares of the company’s stock, valued at approximately $364,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Whirlpool by 9.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,292 shares of the company’s stock worth $2,045,000 after buying an additional 1,318 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Whirlpool by 4.6% during the 3rd quarter. Raymond James & Associates now owns 78,769 shares of the company’s stock worth $10,531,000 after acquiring an additional 3,479 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Whirlpool by 4.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,388 shares of the company’s stock valued at $319,000 after acquiring an additional 110 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Whirlpool by 6.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,172 shares of the company’s stock valued at $4,435,000 after purchasing an additional 2,043 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Whirlpool by 11.0% in the third quarter. Mackenzie Financial Corp now owns 1,992 shares of the company’s stock valued at $255,000 after buying an additional 197 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WHR has been the subject of a number of research analyst reports. StockNews.com cut shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. reduced their price target on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Loop Capital assumed coverage on Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price objective on the stock. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada lowered their price target on Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $113.40.

Whirlpool Stock Down 0.1 %

WHR stock opened at $94.89 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56. The firm has a 50-day moving average of $106.92 and a two-hundred day moving average of $110.87. Whirlpool Co. has a 12 month low of $91.90 and a 12 month high of $160.62. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 13.07 and a beta of 1.52.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.17. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the company posted $2.66 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts forecast that Whirlpool Co. will post 12.53 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 7.38%. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

About Whirlpool

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.