8,510 Shares in Whirlpool Co. (NYSE:WHR) Acquired by Tang Capital Management LLC

Tang Capital Management LLC bought a new position in shares of Whirlpool Co. (NYSE:WHR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,510 shares of the company's stock, valued at approximately $974,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Arkadios Wealth Advisors bought a new position in shares of Whirlpool in the fourth quarter valued at about $1,970,000. Diversify Advisory Services LLC bought a new position in Whirlpool in the 4th quarter valued at about $231,000. UMB Bank n.a. raised its holdings in Whirlpool by 56.4% in the 4th quarter. UMB Bank n.a. now owns 319 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares during the period. Atomi Financial Group Inc. acquired a new stake in Whirlpool during the fourth quarter worth approximately $229,000. Finally, Advisory Alpha LLC boosted its holdings in shares of Whirlpool by 4.8% during the fourth quarter. Advisory Alpha LLC now owns 2,215 shares of the company's stock worth $254,000 after acquiring 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 equities analysts have recently weighed in on WHR shares. 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. StockNews.com cut Whirlpool from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $101.00.

Whirlpool Stock Performance

Shares of WHR stock traded down $4.76 on Wednesday, hitting $77.27. The company's stock had a trading volume of 1,477,422 shares, compared to its average volume of 1,047,027. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The stock's 50 day moving average is $83.59 and its 200-day moving average is $101.92. Whirlpool Co. has a fifty-two week low of $73.72 and a fifty-two week high of $135.49. The company has a market capitalization of $4.30 billion, a PE ratio of -13.19 and a beta of 1.20.

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. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.67 billion. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. The firm's quarterly revenue was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. Equities research analysts expect that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date is Friday, May 16th. Whirlpool's dividend payout ratio is currently 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.