Bank of America Corp DE Lowers Holdings in Whirlpool Co. (NYSE:WHR)

Bank of America Corp DE cut its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 65.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,030 shares of the company's stock after selling 179,283 shares during the period. Bank of America Corp DE owned approximately 0.17% of Whirlpool worth $10,765,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Brown Lisle Cummings Inc. bought a new stake in shares of Whirlpool in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. bought a new stake in Whirlpool during the fourth quarter worth approximately $30,000. Nemes Rush Group LLC raised its position in Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 121 shares during the period. Bogart Wealth LLC lifted its stake in shares of Whirlpool by 113.6% in the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company's stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Whirlpool by 216.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 316 shares of the company's stock worth $36,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $101.00.

Whirlpool Trading Up 3.2%

Shares of WHR traded up $2.49 during mid-day trading on Tuesday, reaching $79.77. 939,947 shares of the company's stock traded hands, compared to its average volume of 1,039,455. 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 stock's 50-day moving average is $82.32 and its two-hundred day moving average is $101.03. Whirlpool Co. has a 12 month low of $73.72 and a 12 month high of $135.49. The stock has a market cap of $4.44 billion, a P/E ratio of -13.61 and a beta of 1.20.

Whirlpool (NYSE:WHR - Get Free Report) last announced 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 company 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 company posted $1.78 EPS. Whirlpool's quarterly revenue was down 19.4% on a year-over-year basis. Research analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 8.78%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool's dividend payout ratio is presently 5,000.00%.

About Whirlpool

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.