Cresset Asset Management LLC Lowers Holdings in Whirlpool Co. (NYSE:WHR)

Cresset Asset Management LLC decreased its position in Whirlpool Co. (NYSE:WHR - Free Report) by 34.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,474 shares of the company's stock after selling 3,454 shares during the period. Cresset Asset Management LLC's holdings in Whirlpool were worth $741,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WHR. Brown Lisle Cummings Inc. purchased a new stake in shares of Whirlpool in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in Whirlpool during the fourth quarter worth $30,000. GAMMA Investing LLC lifted its holdings in Whirlpool by 323.1% during the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company's stock worth $31,000 after buying an additional 210 shares during the period. Nemes Rush Group LLC lifted its holdings in Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after buying an additional 121 shares during the period. Finally, Bogart Wealth LLC lifted its holdings in Whirlpool by 113.6% during the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company's stock worth $32,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Stock Performance

Shares of WHR opened at $84.03 on Wednesday. Whirlpool Co. has a 12 month low of $73.72 and a 12 month high of $135.49. The stock has a fifty day moving average price of $84.53 and a 200-day moving average price of $102.63. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. The firm has a market cap of $4.67 billion, a PE ratio of -14.34 and a beta of 1.20.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The business's revenue for the quarter was down 19.4% compared to the same quarter last year. Equities research analysts predict that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 8.33%. Whirlpool's dividend payout ratio is presently 5,000.00%.

Analyst Upgrades and Downgrades

WHR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. StockNews.com lowered Whirlpool from a "hold" rating to a "sell" rating in a report on Friday, April 25th. Finally, 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. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Whirlpool presently has an average rating of "Hold" and an average price target of $101.00.

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.

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