Bank of New York Mellon Corp Has $55.55 Million Stock Position in Whirlpool Corporation (NYSE:WHR)

Bank of New York Mellon Corp lessened its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,372 shares of the company's stock after selling 20,565 shares during the quarter. Bank of New York Mellon Corp owned about 1.11% of Whirlpool worth $55,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Whirlpool by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,536,118 shares of the company's stock valued at $633,775,000 after purchasing an additional 33,326 shares during the period. FMR LLC lifted its position in shares of 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 purchasing an additional 659,014 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 purchasing an additional 224,990 shares in the last quarter. Nuveen Asset Management LLC raised its position in Whirlpool by 19.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock worth $138,377,000 after acquiring an additional 199,663 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Whirlpool by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 937,637 shares of the company's stock worth $107,374,000 after acquiring an additional 34,471 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Whirlpool Stock Performance

NYSE:WHR opened at $108.68 on Friday. The company has a market capitalization of $6.04 billion, a PE ratio of 776.26 and a beta of 1.25. The company has a 50 day simple moving average of $89.13 and a two-hundred day simple moving average of $96.06. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.40 and a current ratio of 0.72. Whirlpool Corporation has a fifty-two week low of $73.72 and a fifty-two week high of $135.49.

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, topping the consensus estimate of $1.67 by $0.03. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.67 billion. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The company's quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. Research analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Friday, May 16th were given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.44%. The ex-dividend date was Friday, May 16th. Whirlpool's payout ratio is currently 5,000.00%.

Wall Street Analysts Forecast Growth

WHR has been the topic of several research reports. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a report on Monday, June 30th. Royal Bank Of Canada reduced their price objective on shares of Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. Wall Street Zen raised shares of Whirlpool from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. dropped their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Bank of America upgraded shares of Whirlpool from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $68.00 to $94.00 in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Whirlpool has a consensus rating of "Hold" and a consensus target price of $108.40.

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.

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