Tabor Asset Management LP Buys 22,782 Shares of Whirlpool Co. (NYSE:WHR)

Tabor Asset Management LP lifted its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 47.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,473 shares of the company's stock after buying an additional 22,782 shares during the period. Whirlpool accounts for approximately 3.8% of Tabor Asset Management LP's holdings, making the stock its 9th biggest position. Tabor Asset Management LP owned 0.13% of Whirlpool worth $8,068,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Arkadios Wealth Advisors acquired a new position in Whirlpool during the 4th quarter valued at about $1,970,000. Diversify Advisory Services LLC acquired a new position in Whirlpool during the 4th quarter valued at about $231,000. UMB Bank n.a. boosted its stake in Whirlpool by 56.4% during the 4th quarter. UMB Bank n.a. now owns 319 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares during the period. Atomi Financial Group Inc. acquired a new position in Whirlpool during the 4th quarter valued at about $229,000. Finally, Advisory Alpha LLC boosted its stake in Whirlpool by 4.8% during the 4th quarter. Advisory Alpha LLC now owns 2,215 shares of the company's stock valued at $254,000 after purchasing an additional 102 shares during the period. Institutional investors own 90.78% of the company's stock.

Wall Street Analysts Forecast Growth

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

Whirlpool Price Performance

WHR stock traded down $0.45 on Friday, hitting $77.28. 785,393 shares of the company's stock traded hands, compared to its average volume of 1,040,642. Whirlpool Co. has a 1-year low of $73.72 and a 1-year high of $135.49. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of -13.19 and a beta of 1.20. The stock has a fifty day moving average of $82.66 and a 200-day moving average of $101.36. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The firm's revenue was down 19.4% compared to the same quarter last year. On average, analysts forecast that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Friday, May 16th will be paid a $1.75 dividend. The ex-dividend date is Friday, May 16th. This represents a $7.00 annualized dividend and a yield of 9.06%. Whirlpool's dividend payout ratio is presently 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.