Boothbay Fund Management LLC Raises Stock Holdings in Whirlpool Co. (NYSE:WHR)

Boothbay Fund Management LLC raised its position in Whirlpool Co. (NYSE:WHR - Free Report) by 83.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,046 shares of the company's stock after acquiring an additional 26,831 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.11% of Whirlpool worth $6,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WHR. Private Advisor Group LLC boosted its position in shares of Whirlpool by 99.0% during the fourth quarter. Private Advisor Group LLC now owns 10,709 shares of the company's stock valued at $1,226,000 after purchasing an additional 5,328 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 purchasing an additional 223,232 shares during the last quarter. Delta Financial Group Inc. bought a new stake in shares of Whirlpool in the fourth quarter worth $343,000. First Dallas Securities Inc. lifted its stake in shares of Whirlpool by 99.4% in the 4th quarter. First Dallas Securities Inc. now owns 8,125 shares of the company's stock worth $930,000 after purchasing an additional 4,050 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Whirlpool by 1,188.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,805 shares of the company's stock worth $550,000 after acquiring an additional 4,432 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on WHR shares. StockNews.com cut shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. The Goldman Sachs Group boosted their price target on shares of Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $101.00.

Whirlpool Stock Performance

NYSE:WHR traded up $2.25 during trading hours on Friday, hitting $77.96. 674,893 shares of the company were exchanged, compared to its average volume of 1,052,224. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -13.30 and a beta of 1.31. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The company's 50 day moving average price is $87.58 and its 200-day moving average price is $104.03. Whirlpool Co. has a 52-week low of $73.72 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.03. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The company's revenue was down 19.4% compared to the same quarter last year. As a group, research analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool's dividend payout ratio is presently 5,000.00%.

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.