Xcel Wealth Management LLC lowered its position in shares of Whirlpool Corporation (NYSE:WHR – Free Report) by 46.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,979 shares of the company’s stock after selling 25,479 shares during the quarter. Xcel Wealth Management LLC’s holdings in Whirlpool were worth $2,091,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in Whirlpool during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its stake in Whirlpool by 129.2% during the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after buying an additional 208 shares in the last quarter. Hara Capital LLC bought a new position in Whirlpool during the fourth quarter valued at about $40,000. Caitong International Asset Management Co. Ltd boosted its stake in Whirlpool by 1,444.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 556 shares of the company’s stock valued at $44,000 after buying an additional 520 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its stake in Whirlpool by 700.0% during the third quarter. Ameriflex Group Inc. now owns 744 shares of the company’s stock valued at $58,000 after buying an additional 651 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.
Whirlpool Trading Up 0.3%
Shares of NYSE WHR opened at $55.90 on Friday. Whirlpool Corporation has a one year low of $50.41 and a one year high of $111.96. The firm has a market capitalization of $3.16 billion, a PE ratio of 9.89, a PEG ratio of 2.74 and a beta of 1.30. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.06. The business has a 50-day moving average price of $64.86 and a two-hundred day moving average price of $72.41.
Whirlpool Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, February 27th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.4%. Whirlpool’s dividend payout ratio (DPR) is 63.72%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on Whirlpool from $75.00 to $68.00 and set a “hold” rating for the company in a research note on Monday, March 2nd. BNP Paribas Exane raised Whirlpool to a “neutral” rating in a research note on Monday, March 16th. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a research note on Monday, March 16th. JPMorgan Chase & Co. reduced their target price on Whirlpool from $76.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, Weiss Ratings raised Whirlpool from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $82.00.
View Our Latest Stock Report on Whirlpool
About Whirlpool
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.
In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.
Read More
Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Corporation (NYSE:WHR – Free Report).
Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.
