Bank of America Corp DE Sells 179,283 Shares of Whirlpool Co. (NYSE:WHR)

Bank of America Corp DE lessened its position in Whirlpool Co. (NYSE:WHR - Free Report) by 65.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in shares of Whirlpool by 2.0% in the 4th quarter. Ameriprise Financial Inc. now owns 128,528 shares of the company's stock worth $14,709,000 after acquiring an additional 2,538 shares during the last quarter. American Trust Investment Advisors LLC boosted its position in Whirlpool by 27.2% during the fourth quarter. American Trust Investment Advisors LLC now owns 6,690 shares of the company's stock valued at $766,000 after purchasing an additional 1,430 shares during the last quarter. Anderson Financial Strategies LLC acquired a new stake in shares of Whirlpool in the fourth quarter worth about $54,000. AXA S.A. lifted its position in shares of Whirlpool by 0.6% in the fourth quarter. AXA S.A. now owns 37,788 shares of the company's stock worth $4,326,000 after buying an additional 243 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Whirlpool in the fourth quarter worth about $9,216,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $101.00.

Whirlpool Trading Down 1.2%

Shares of WHR stock traded down $0.93 during trading hours on Wednesday, reaching $78.74. The company had a trading volume of 510,211 shares, compared to its average volume of 1,037,448. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -13.48 and a beta of 1.20. Whirlpool Co. has a 1-year low of $73.72 and a 1-year high of $135.49. 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 has a 50 day moving average of $82.03 and a 200 day moving average of $100.88.

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

Whirlpool Announces Dividend

The business 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 $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 8.89%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool's payout ratio is 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.