Bank of America Corp DE lowered its stake in shares of Whirlpool Co. (NYSE:WHR) by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 772,922 shares of the company’s stock after selling 237,124 shares during the period. Bank of America Corp DE owned 1.21% of Whirlpool worth $82,602,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Birmingham Capital Management Co. Inc. AL raised its stake in shares of Whirlpool by 1.0% during the 4th quarter. Birmingham Capital Management Co. Inc. AL now owns 10,007 shares of the company’s stock worth $1,069,000 after purchasing an additional 100 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Whirlpool by 5.6% during the 4th quarter. Pinnacle Associates Ltd. now owns 1,900 shares of the company’s stock worth $203,000 after purchasing an additional 100 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Whirlpool by 3.3% during the 4th quarter. First Mercantile Trust Co. now owns 3,272 shares of the company’s stock worth $350,000 after purchasing an additional 104 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Whirlpool by 79.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 309 shares of the company’s stock worth $37,000 after purchasing an additional 137 shares in the last quarter. Finally, Comerica Bank raised its stake in Whirlpool by 1.4% in the 4th quarter. Comerica Bank now owns 14,105 shares of the company’s stock valued at $1,925,000 after acquiring an additional 192 shares during the period. Institutional investors own 92.47% of the company’s stock.
WHR opened at $129.04 on Friday. Whirlpool Co. has a 1-year low of $99.40 and a 1-year high of $167.54. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $8.53 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 1.90 and a beta of 1.63.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, January 28th. The company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $0.45. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the firm posted $4.10 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities analysts expect that Whirlpool Co. will post 14.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Thursday, February 28th. Whirlpool’s dividend payout ratio is 30.34%.
In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $133.54, for a total value of $379,921.30. Following the transaction, the director now directly owns 6,550 shares of the company’s stock, valued at approximately $874,687. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.
A number of equities research analysts recently weighed in on WHR shares. Raymond James restated a “hold” rating on shares of Whirlpool in a research note on Monday, March 18th. Zacks Investment Research cut Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Buckingham Research started coverage on Whirlpool in a research note on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price target on the stock. Credit Suisse Group restated a “neutral” rating and issued a $125.00 price target on shares of Whirlpool in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Finally, Royal Bank of Canada cut Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price target on the stock. in a research note on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $146.40.
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Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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