Whirlpool Co. (NYSE:WHR) Shares Acquired by Kwmg LLC

Kwmg LLC lifted its stake in Whirlpool Co. (NYSE:WHR) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,965 shares of the company’s stock after purchasing an additional 2,278 shares during the quarter. Kwmg LLC’s holdings in Whirlpool were worth $4,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WHR. Harvest Investment Advisors LLC raised its stake in shares of Whirlpool by 1.1% in the third quarter. Harvest Investment Advisors LLC now owns 8,963 shares of the company’s stock valued at $1,198,000 after acquiring an additional 98 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Whirlpool by 5.9% in the fourth quarter. V Square Quantitative Management LLC now owns 1,786 shares of the company’s stock valued at $217,000 after acquiring an additional 100 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Whirlpool by 27.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 539 shares of the company’s stock valued at $66,000 after acquiring an additional 115 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Whirlpool by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 23,496 shares of the company’s stock valued at $3,141,000 after acquiring an additional 120 shares in the last quarter. Finally, Applied Finance Capital Management LLC raised its stake in shares of Whirlpool by 5.8% in the fourth quarter. Applied Finance Capital Management LLC now owns 2,296 shares of the company’s stock valued at $280,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WHR. Bank of America raised their price target on Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. Royal Bank of Canada cut their price target on Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday, April 26th. Finally, StockNews.com cut Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.00.

Whirlpool Stock Performance

Shares of WHR traded up $14.88 during midday trading on Wednesday, reaching $101.91. 9,545,665 shares of the stock were exchanged, compared to its average volume of 1,409,089. The business’s 50-day moving average price is $93.09 and its 200 day moving average price is $105.98. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.58. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $160.62. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 13.51 and a beta of 1.48.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the firm earned $2.66 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts expect that Whirlpool Co. will post 12.37 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Friday, May 17th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date was Thursday, May 16th. Whirlpool’s dividend payout ratio is currently 96.42%.

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.