Envestnet Asset Management Inc. Lowers Stock Position in Whirlpool Co. (NYSE:WHR)

Envestnet Asset Management Inc. reduced its stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 44.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,023 shares of the company's stock after selling 32,284 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Whirlpool worth $4,582,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brown Lisle Cummings Inc. purchased a new stake in Whirlpool in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new stake in Whirlpool in the fourth quarter valued at about $30,000. Nemes Rush Group LLC raised its stake in Whirlpool by 79.1% in the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock valued at $31,000 after buying an additional 121 shares during the last quarter. GAMMA Investing LLC raised its stake in Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company's stock valued at $31,000 after buying an additional 210 shares during the last quarter. Finally, Bogart Wealth LLC raised its stake in Whirlpool by 113.6% in the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company's stock valued at $32,000 after buying an additional 150 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research note on Monday. The Goldman Sachs Group raised their price objective on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, StockNews.com lowered Whirlpool from a "hold" rating to a "sell" rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Whirlpool has an average rating of "Hold" and an average price target of $101.00.

Whirlpool Stock Performance

Shares of WHR stock traded down $0.36 during trading hours on Monday, hitting $77.04. The company's stock had a trading volume of 1,098,592 shares, compared to its average volume of 1,050,890. The company has a 50 day moving average of $89.25 and a 200 day moving average of $104.61. The stock has a market cap of $4.27 billion, a PE ratio of -13.15 and a beta of 1.31. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. Whirlpool Co. has a 12-month low of $75.03 and a 12-month high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last released 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. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.67 billion. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. The business's revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 EPS. On average, sell-side analysts forecast that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool's dividend payout ratio (DPR) is presently 5,000.00%.

Whirlpool 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.