Whirlpool Corporation (NYSE:WHR) Stake Boosted by Alps Advisors Inc.

Alps Advisors Inc. grew its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,670 shares of the company's stock after purchasing an additional 2,928 shares during the quarter. Alps Advisors Inc. owned approximately 0.07% of Whirlpool worth $3,666,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WHR. Jones Financial Companies Lllp grew its holdings in shares of Whirlpool by 190.7% during the fourth quarter. Jones Financial Companies Lllp now owns 657 shares of the company's stock valued at $75,000 after purchasing an additional 431 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Whirlpool by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 11,263 shares of the company's stock valued at $1,289,000 after purchasing an additional 373 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Whirlpool by 15.9% during the fourth quarter. Atria Investments Inc now owns 5,499 shares of the company's stock valued at $629,000 after purchasing an additional 756 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Whirlpool by 10.9% during the fourth quarter. M&T Bank Corp now owns 4,440 shares of the company's stock valued at $508,000 after purchasing an additional 436 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Whirlpool in the 4th quarter worth approximately $1,953,000. 90.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Whirlpool Stock Performance

Shares of NYSE WHR opened at $108.68 on Friday. The stock has a fifty day moving average price of $89.13 and a two-hundred day moving average price of $96.20. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.40 and a current ratio of 0.72. The firm has a market cap of $6.04 billion, a P/E ratio of 776.26 and a beta of 1.25. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49.

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, beating analysts' consensus estimates of $1.67 by $0.03. The firm 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 quarterly revenue was down 19.4% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. Research analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Friday, May 16th were given a dividend of $1.75 per share. The ex-dividend date was Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.44%. Whirlpool's dividend payout ratio (DPR) is presently 5,000.00%.

Whirlpool Company 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.

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