Kovitz Investment Group Partners LLC trimmed its position in Whirlpool Co. (NYSE:WHR - Free Report) by 85.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,711 shares of the company's stock after selling 75,568 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Whirlpool were worth $1,455,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Whirlpool by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,536,118 shares of the company's stock valued at $633,775,000 after acquiring an additional 33,326 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Whirlpool by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company's stock worth $242,470,000 after buying an additional 98,444 shares during the period. FMR LLC grew its position in shares of Whirlpool by 57.3% in the 4th quarter. FMR LLC now owns 1,808,744 shares of the company's stock worth $207,065,000 after buying an additional 659,014 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 19.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,215 shares of the company's stock valued at $157,205,000 after acquiring an additional 224,990 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Whirlpool by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 937,637 shares of the company's stock valued at $107,374,000 after purchasing an additional 34,471 shares during the period. 90.78% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on WHR shares. The Goldman Sachs Group raised their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, StockNews.com cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. Three investment 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. Based on data from MarketBeat.com, Whirlpool has a consensus rating of "Hold" and a consensus price target of $101.00.
Check Out Our Latest Report on WHR
Whirlpool Stock Down 0.8 %
Shares of NYSE WHR traded down $0.62 on Monday, reaching $77.25. 202,780 shares of the company's stock traded hands, compared to its average volume of 1,051,354. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. The business's 50 day simple moving average is $87.05 and its two-hundred day simple moving average is $103.84. Whirlpool Co. has a 12 month low of $73.72 and a 12 month high of $135.49. The company has a market cap of $4.30 billion, a price-to-earnings ratio of -13.23 and a beta of 1.31.
Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $3.62 billion during the quarter, compared to analysts' expectations 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 previous year, the business earned $1.78 earnings per share. As a group, equities research analysts forecast that Whirlpool Co. will post 9.52 EPS for the current fiscal year.
Whirlpool Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 9.06%. Whirlpool's payout ratio is currently 5,000.00%.
About Whirlpool
(
Free Report)
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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