GAMMA Investing LLC lifted its holdings in Whirlpool Co. (NYSE:WHR - Free Report) by 20,810.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,503 shares of the company's stock after acquiring an additional 57,228 shares during the period. GAMMA Investing LLC owned approximately 0.10% of Whirlpool worth $5,183,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in WHR. Wealth Enhancement Advisory Services LLC increased its holdings in Whirlpool by 22.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,656 shares of the company's stock valued at $1,449,000 after purchasing an additional 2,326 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Whirlpool in the fourth quarter worth about $436,000. Ascent Group LLC boosted its position in shares of Whirlpool by 4.2% in the fourth quarter. Ascent Group LLC now owns 4,963 shares of the company's stock worth $568,000 after buying an additional 198 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of Whirlpool in the fourth quarter valued at about $347,000. Finally, Forum Financial Management LP purchased a new stake in shares of Whirlpool during the 4th quarter valued at about $276,000. Hedge funds and other institutional investors own 90.78% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on WHR shares. 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 report on Monday, April 28th. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Bank of America lowered their price target on shares of Whirlpool from $107.00 to $67.00 in a report on Monday, April 21st. Finally, Royal Bank of Canada dropped their price target 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. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Whirlpool has an average rating of "Hold" and an average target price of $105.75.
Check Out Our Latest Stock Report on WHR
Whirlpool Stock Up 0.4%
Shares of WHR traded up $0.36 during trading on Thursday, reaching $87.75. The company's stock had a trading volume of 231,728 shares, compared to its average volume of 1,038,877. The company has a market cap of $4.88 billion, a price-to-earnings ratio of -14.97 and a beta of 1.18. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. The company has a fifty day moving average of $80.01 and a two-hundred day moving average of $98.70. Whirlpool Co. has a twelve month low of $73.72 and a twelve month high of $135.49.
Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly 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. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The business's revenue was down 19.4% compared to the same quarter last year. On average, sell-side analysts predict that Whirlpool Co. will post 9.52 EPS for the current fiscal year.
Whirlpool Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 7.98%. Whirlpool's payout ratio is 5,000.00%.
Whirlpool Company Profile
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Free Report)
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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