Arkadios Wealth Advisors Raises Stock Holdings in Whirlpool Corporation (NYSE:WHR)

Key Points

• Arkadios Wealth Advisors increased its stake in Whirlpool Corporation by 33.8% in the first quarter, owning 23,020 shares valued at approximately $2.1 million.
• Whirlpool Corporation reported a loss in earnings per share at $1.34, missing expectations of $1.54, with revenue down 5.4% year-over-year.
• Brokerages have varied views on Whirlpool, with ratings ranging from "buy" to "sell", affecting its price objectives significantly in recent months.

Arkadios Wealth Advisors lifted its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 33.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,020 shares of the company's stock after purchasing an additional 5,810 shares during the quarter. Arkadios Wealth Advisors' holdings in Whirlpool were worth $2,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC boosted 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 buying an additional 659,014 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Whirlpool by 19.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,215 shares of the company's stock worth $157,205,000 after buying an additional 224,990 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Whirlpool by 19.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock worth $138,377,000 after buying an additional 199,663 shares in the last quarter. Geode Capital Management LLC boosted its stake in Whirlpool by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 937,637 shares of the company's stock worth $107,374,000 after buying an additional 34,471 shares in the last quarter. Finally, Norges Bank purchased a new stake in Whirlpool in the fourth quarter worth approximately $73,468,000. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Price Performance

Shares of WHR stock opened at $82.96 on Friday. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of -31.31 and a beta of 1.25. The business's fifty day moving average is $93.18 and its 200 day moving average is $94.23. Whirlpool Corporation has a twelve month low of $73.72 and a twelve month high of $135.49. The company has a quick ratio of 0.40, a current ratio of 0.85 and a debt-to-equity ratio of 2.39.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.20). The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%. Whirlpool's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.39 earnings per share. Research analysts expect that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on WHR. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research report on Monday, June 30th. Bank of America reiterated an "underperform" rating and issued a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Royal Bank Of Canada lowered their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.

Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Corporation (NYSE:WHR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.