Alps Advisors Inc. Buys 2,928 Shares of Whirlpool Corporation (NYSE:WHR)

Alps Advisors Inc. lifted its position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 7.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 40,670 shares of the company's stock after purchasing an additional 2,928 shares during the quarter. Alps Advisors Inc. owned about 0.07% of Whirlpool worth $3,666,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC boosted its holdings in shares of Whirlpool by 79.1% during the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Whirlpool by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 32,674 shares of the company's stock worth $3,740,000 after buying an additional 121 shares during the period. UMB Bank n.a. increased its position 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 acquiring an additional 129 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Whirlpool by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,260 shares of the company's stock valued at $2,663,000 after buying an additional 140 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Whirlpool by 3.7% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company's stock valued at $377,000 after buying an additional 149 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Stock Performance

WHR stock traded down $5.42 during mid-day trading on Tuesday, hitting $101.08. 2,134,171 shares of the company were exchanged, compared to its average volume of 1,009,677. Whirlpool Corporation has a 1-year low of $73.72 and a 1-year high of $135.49. The stock has a market capitalization of $5.62 billion, a PE ratio of 721.96 and a beta of 1.25. The company has a current ratio of 0.72, a quick ratio of 0.40 and a debt-to-equity ratio of 1.71. The business has a 50 day simple moving average of $89.72 and a 200-day simple moving average of $95.86.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share 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 analysts' expectations of $3.67 billion. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The business's revenue was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 earnings per share. On average, equities analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

WHR has been the topic of a number of analyst reports. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a report on Monday, June 30th. JPMorgan Chase & Co. lowered their price target on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Bank of America raised shares of Whirlpool from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $68.00 to $94.00 in a report on Friday, June 13th. Wall Street Zen raised shares of Whirlpool from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Royal Bank Of Canada cut their price target on shares of Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $108.40.

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.