LPL Financial LLC Sells 1,403 Shares of Whirlpool Co. (NYSE:WHR)

LPL Financial LLC lowered its stake in shares of Whirlpool Co. (NYSE:WHR) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 86,962 shares of the company’s stock after selling 1,403 shares during the period. LPL Financial LLC owned approximately 0.16% of Whirlpool worth $9,955,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WHR. Brown Lisle Cummings Inc. bought a new position in shares of Whirlpool during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new stake in Whirlpool during the fourth quarter valued at $30,000. GAMMA Investing LLC lifted its holdings in Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after acquiring an additional 210 shares during the period. Bogart Wealth LLC boosted its position in Whirlpool by 113.6% in the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Whirlpool during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Whirlpool presently has an average rating of “Hold” and a consensus price target of $106.00.

Whirlpool Trading Down 0.5 %

Whirlpool stock opened at $85.66 on Friday. Whirlpool Co. has a 1 year low of $79.70 and a 1 year high of $135.49. The firm’s 50 day moving average price is $99.34 and its 200-day moving average price is $107.70. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The stock has a market cap of $4.74 billion, a P/E ratio of -14.62 and a beta of 1.44.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter last year, the business earned $3.85 earnings per share. On average, equities analysts predict that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Friday, February 28th were issued a $1.75 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 8.17%. Whirlpool’s dividend payout ratio (DPR) is presently -119.45%.

Whirlpool 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.