J.W. Cole Advisors Inc. purchased a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,686 shares of the company's stock, valued at approximately $1,594,000.
Other hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC boosted its holdings in Whirlpool by 79.1% in the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 121 shares during the period. Bessemer Group Inc. raised its stake in shares of Whirlpool by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 32,674 shares of the company's stock valued at $3,740,000 after purchasing an additional 121 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after purchasing an additional 129 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Whirlpool by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,260 shares of the company's stock valued at $2,663,000 after purchasing an additional 140 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in Whirlpool by 3.7% during the first quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company's stock worth $377,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on WHR. Bank of America raised Whirlpool from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $68.00 to $94.00 in a report on Friday, June 13th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. lowered their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada lowered their target price on Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. Finally, Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research report on Monday, June 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Whirlpool has a consensus rating of "Hold" and a consensus price target of $108.40.
View Our Latest Stock Report on WHR
Whirlpool Stock Up 1.1%
Shares of Whirlpool stock traded up $1.09 during trading on Friday, hitting $99.71. 795,111 shares of the stock traded hands, compared to its average volume of 1,310,095. The stock has a market cap of $5.54 billion, a P/E ratio of 712.20 and a beta of 1.25. 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 twelve month low of $73.72 and a twelve month high of $135.49. The company has a fifty day moving average price of $92.58 and a two-hundred day moving average price of $94.91.
Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.03. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a return on equity of 21.38% and a net margin of 0.04%. The firm's revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 EPS. Equities research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.
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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