Whirlpool Co. (NYSE:WHR) Holdings Reduced by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its holdings in shares of Whirlpool Co. (NYSE:WHR) by 88.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,181 shares of the company’s stock after selling 16,432 shares during the period. CIBC Private Wealth Group LLC’s holdings in Whirlpool were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Whirlpool during the 4th quarter valued at $73,468,000. Raymond James Financial Inc. bought a new stake in shares of Whirlpool during the fourth quarter valued at about $34,719,000. Bank of New York Mellon Corp lifted its holdings in Whirlpool by 54.0% in the fourth quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company’s stock worth $72,917,000 after purchasing an additional 223,232 shares during the period. Charles Schwab Investment Management Inc. grew its position in Whirlpool by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company’s stock valued at $242,470,000 after buying an additional 98,444 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in Whirlpool during the 4th quarter valued at about $7,275,000. 90.78% of the stock is owned by institutional investors.

Whirlpool Stock Performance

Shares of WHR opened at $85.66 on Monday. 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 firm’s 50 day moving average is $99.34 and its 200-day moving average is $107.79. Whirlpool Co. has a 12-month low of $78.36 and a 12-month high of $135.49. The stock has a market capitalization of $4.74 billion, a P/E ratio of -14.62 and a beta of 1.31.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same period last year, the business earned $3.85 EPS. Equities research analysts anticipate that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Friday, February 28th were given 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 -119.45%.

Analyst Ratings Changes

Several research firms have recently issued reports on WHR. The Goldman Sachs Group increased their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com upgraded 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 assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus price target of $106.00.

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.