IFP Advisors Inc Reduces Stock Position in Whirlpool Co. (NYSE:WHR)

IFP Advisors Inc lessened its stake in shares of Whirlpool Co. (NYSE:WHR) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 866 shares of the company’s stock after selling 130 shares during the quarter. IFP Advisors Inc’s holdings in Whirlpool were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. purchased a new stake in Whirlpool in the 4th quarter valued at about $27,000. GAMMA Investing LLC grew its holdings in Whirlpool by 323.1% in the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after buying an additional 210 shares during the period. Bogart Wealth LLC grew its holdings in Whirlpool by 113.6% in the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock valued at $32,000 after buying an additional 150 shares during the period. Legend Financial Advisors Inc. purchased a new stake in Whirlpool in the 4th quarter valued at about $34,000. Finally, HHM Wealth Advisors LLC grew its holdings in Whirlpool by 216.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 316 shares of the company’s stock valued at $36,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Wall Street Analysts Forecast Growth

WHR has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised Whirlpool from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $106.00.

Whirlpool Stock Performance

NYSE WHR opened at $90.80 on Wednesday. The firm has a market capitalization of $5.03 billion, a P/E ratio of -15.49 and a beta of 1.43. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $135.49. 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 business’s 50-day simple moving average is $112.77 and its 200-day simple moving average is $108.92.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company posted $3.85 EPS. Equities analysts predict that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Friday, February 28th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Friday, February 28th. Whirlpool’s dividend payout ratio (DPR) is presently -119.45%.

Whirlpool Company 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.