VCI Wealth Management LLC Purchases New Holdings in Whirlpool Corporation $WHR

VCI Wealth Management LLC purchased a new position in shares of Whirlpool Corporation (NYSE:WHR) during the third quarter, HoldingsChannel.com reports. The fund purchased 25,462 shares of the company’s stock, valued at approximately $781,000.

A number of other hedge funds also recently made changes to their positions in WHR. Engineers Gate Manager LP purchased a new position in shares of Whirlpool in the 2nd quarter worth $1,320,000. Angeles Wealth Management LLC boosted its holdings in Whirlpool by 196.9% in the first quarter. Angeles Wealth Management LLC now owns 38,697 shares of the company’s stock valued at $2,087,000 after acquiring an additional 25,663 shares during the last quarter. Nykredit A S acquired a new position in Whirlpool in the second quarter valued at $51,953,000. Capstone Investment Advisors LLC acquired a new position in Whirlpool in the second quarter valued at $1,274,000. Finally, Deutsche Bank AG purchased a new stake in Whirlpool during the second quarter valued at about $1,283,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Price Performance

Whirlpool stock opened at $31.50 on Tuesday. The firm has a fifty day moving average of $32.48 and a 200-day moving average of $48.60. Whirlpool Corporation has a 52-week low of $25.50 and a 52-week high of $94.82. The company has a quick ratio of 0.71, a current ratio of 1.14 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $2.07 billion, a P/E ratio of 227.58 and a beta of 1.21.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, October 26th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.94). The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.93 billion. Whirlpool had a negative net margin of 0.93% and a positive return on equity of 0.47%. The business’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS. As a group, analysts predict that Whirlpool Corporation will post -1.36 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on WHR. Mizuho dropped their price target on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Royal Bank Of Canada cut their price objective on Whirlpool from $22.00 to $15.00 and set an “underperform” rating on the stock in a report on Wednesday, October 28th. Wall Street Zen lowered Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th. Raymond James Financial reiterated a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. Finally, BNP Paribas Exane started coverage on shares of Whirlpool in a research report on Monday, July 13th. They set a “neutral” rating and a $43.00 target price for the company. Eight analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Whirlpool currently has an average rating of “Reduce” and an average target price of $32.22.

About Whirlpool

Whirlpool Corporation (NYSE: WHR) is a global manufacturer and marketer of home appliances. The company develops products designed for kitchens and laundry rooms, including refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers, and related household appliances.

Whirlpool sells products under a portfolio of well-known brands, including Whirlpool, Maytag, KitchenAid, JennAir and Amana. Its products are distributed through retailers, builders, distributors and other sales channels to residential customers in North America and international markets.

The company traces its history to 1911, when it was founded as the Upton Machine Company in Benton Harbor, Michigan.