Whirlpool Co. (NYSE:WHR) Shares Sold by WBI Investments LLC

WBI Investments LLC lessened its stake in Whirlpool Co. (NYSE:WHR - Free Report) by 67.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,146 shares of the company's stock after selling 35,692 shares during the quarter. WBI Investments LLC's holdings in Whirlpool were worth $1,963,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in WHR. Tabor Asset Management LP increased its holdings in shares of Whirlpool by 47.8% in the fourth quarter. Tabor Asset Management LP now owns 70,473 shares of the company's stock valued at $8,068,000 after purchasing an additional 22,782 shares during the period. Tang Capital Management LLC purchased a new stake in Whirlpool during the fourth quarter worth $974,000. Seven Six Capital Management LLC purchased a new stake in Whirlpool during the fourth quarter worth $3,761,000. Quantinno Capital Management LP boosted its position in Whirlpool by 45.6% during the fourth quarter. Quantinno Capital Management LP now owns 6,111 shares of the company's stock worth $700,000 after purchasing an additional 1,914 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Whirlpool during the fourth quarter worth $838,000. Hedge funds and other institutional investors own 90.78% of the company's stock.

Wall Street Analysts Forecast Growth

WHR has been the topic of a number of research analyst reports. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $101.00.

Whirlpool Price Performance

Shares of NYSE:WHR traded up $0.60 on Thursday, hitting $77.80. The company had a trading volume of 952,098 shares, compared to its average volume of 1,045,416. 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 Co. has a 52-week low of $73.72 and a 52-week high of $135.49. The business has a 50 day moving average of $83.31 and a 200 day moving average of $101.75. The company has a market cap of $4.33 billion, a PE ratio of -13.28 and a beta of 1.20.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data 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. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The business's revenue was down 19.4% on a year-over-year basis. As a group, equities analysts anticipate that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 annualized dividend and a yield of 9.00%. Whirlpool's 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.