Xcel Wealth Management LLC Acquires 1,785 Shares of Whirlpool Co. (NYSE:WHR)

Xcel Wealth Management LLC boosted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,013 shares of the company’s stock after acquiring an additional 1,785 shares during the quarter. Whirlpool accounts for about 1.8% of Xcel Wealth Management LLC’s portfolio, making the stock its 14th largest position. Xcel Wealth Management LLC’s holdings in Whirlpool were worth $6,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Primecap Management Co. CA raised its position in shares of Whirlpool by 1.8% during the second quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company’s stock worth $496,513,000 after acquiring an additional 84,574 shares during the last quarter. Newport Trust Company LLC raised its holdings in Whirlpool by 23.8% during the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after purchasing an additional 269,976 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Whirlpool by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock worth $100,304,000 after purchasing an additional 312,729 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Whirlpool by 84.4% during the second quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company’s stock worth $54,418,000 after buying an additional 243,743 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Whirlpool by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 462,308 shares of the company’s stock worth $47,248,000 after buying an additional 8,244 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Down 1.9 %

WHR traded down $2.02 during midday trading on Tuesday, hitting $102.96. The company had a trading volume of 348,962 shares, compared to its average volume of 1,187,692. The stock’s 50 day moving average price is $101.34 and its 200 day moving average price is $98.98. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $130.27. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 10.86 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, meeting analysts’ consensus estimates of $2.39. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.21 EPS. On average, research analysts anticipate that Whirlpool Co. will post 11.24 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s dividend payout ratio is currently 72.39%.

Wall Street Analysts Forecast Growth

WHR has been the topic of a number of research analyst reports. Royal Bank of Canada cut their price target on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research report on Friday, July 26th. Bank of America initiated coverage on Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $103.75.

Insider Activity at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.05% of the stock is currently owned by insiders.

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.