SageView Advisory Group LLC Acquires 457 Shares of Whirlpool Co. (NYSE:WHR)

SageView Advisory Group LLC raised its holdings in Whirlpool Co. (NYSE:WHR) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,772 shares of the company’s stock after buying an additional 457 shares during the period. SageView Advisory Group LLC’s holdings in Whirlpool were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Whirlpool by 3,554.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock valued at $168,339,000 after acquiring an additional 1,344,601 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Whirlpool by 689.8% in the third quarter. Stifel Financial Corp now owns 454,303 shares of the company’s stock valued at $60,741,000 after purchasing an additional 396,782 shares in the last quarter. Norges Bank purchased a new position in shares of Whirlpool during the fourth quarter valued at approximately $31,503,000. Trexquant Investment LP bought a new stake in Whirlpool during the fourth quarter worth $17,810,000. Finally, Newport Trust Company LLC lifted its stake in Whirlpool by 9.8% during the 4th quarter. Newport Trust Company LLC now owns 1,169,039 shares of the company’s stock valued at $142,354,000 after acquiring an additional 103,909 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a research note on Friday, April 26th. Loop Capital assumed coverage on Whirlpool in a research note on Thursday, February 22nd. They issued a “buy” rating and a $140.00 target price on the stock. Finally, StockNews.com downgraded Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $111.00.

Whirlpool Stock Down 2.9 %

Whirlpool stock opened at $89.11 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $4.87 billion, a P/E ratio of 12.27 and a beta of 1.48. The firm has a 50 day moving average price of $94.54 and a 200-day moving average price of $106.59. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $160.62.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.17. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. The business had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company earned $2.66 earnings per share. Whirlpool’s revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts predict that Whirlpool Co. will post 12.37 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 17th were issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 7.86%. The ex-dividend date was Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

About Whirlpool

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.