Belpointe Asset Management LLC Acquires 473 Shares of Whirlpool Co. (NYSE:WHR)

Belpointe Asset Management LLC raised its holdings in Whirlpool Co. (NYSE:WHR) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,236 shares of the company’s stock after buying an additional 473 shares during the quarter. Belpointe Asset Management LLC’s holdings in Whirlpool were worth $1,401,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WHR. FMR LLC lifted its stake in Whirlpool by 57.3% in the fourth quarter. FMR LLC now owns 1,808,744 shares of the company’s stock worth $207,065,000 after acquiring an additional 659,014 shares during the period. Norges Bank purchased a new stake in shares of Whirlpool in the 4th quarter worth about $73,468,000. Raymond James Financial Inc. bought a new stake in shares of Whirlpool during the 4th quarter valued at about $34,719,000. Bank of New York Mellon Corp increased its position in shares of Whirlpool by 54.0% during the fourth quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company’s stock valued at $72,917,000 after buying an additional 223,232 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Whirlpool by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company’s stock worth $242,470,000 after buying an additional 98,444 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised Whirlpool from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.00.

Whirlpool Price Performance

WHR stock opened at $80.04 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of -13.66 and a beta of 1.31. The firm has a 50 day moving average price of $94.15 and a 200-day moving average price of $106.49. Whirlpool Co. has a 52-week low of $75.04 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, January 29th. The company reported $4.57 EPS for the quarter, topping the consensus estimate of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same period in the prior year, the business earned $3.85 EPS. Equities research analysts forecast that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Friday, May 16th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 8.75%. Whirlpool’s dividend payout ratio (DPR) 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.