Mutual of America Capital Management LLC Decreases Holdings in Whirlpool Corporation (NYSE:WHR)

Mutual of America Capital Management LLC cut its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 2.1% during the 1st quarter, HoldingsChannel reports. The fund owned 28,504 shares of the company’s stock after selling 623 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Whirlpool were worth $2,569,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nemes Rush Group LLC raised its stake in shares of Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Whirlpool by 120.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company’s stock worth $37,000 after acquiring an additional 175 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company’s stock worth $40,000 after acquiring an additional 129 shares in the last quarter. Anderson Financial Strategies LLC purchased a new position in shares of Whirlpool during the fourth quarter worth approximately $54,000. Finally, GeoWealth Management LLC raised its stake in shares of Whirlpool by 49.1% during the fourth quarter. GeoWealth Management LLC now owns 495 shares of the company’s stock worth $57,000 after acquiring an additional 163 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Price Performance

NYSE WHR opened at $93.00 on Friday. Whirlpool Corporation has a 52 week low of $73.72 and a 52 week high of $135.49. The firm has a market capitalization of $5.17 billion, a P/E ratio of 664.29 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 0.72 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average price of $91.19 and a 200-day moving average price of $95.63.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.67 billion. Whirlpool had a return on equity of 21.38% and a net margin of 0.04%. The firm’s revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 EPS. Equities research analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Bank of America raised shares of Whirlpool from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $68.00 to $94.00 in a research note on Friday, June 13th. Royal Bank Of Canada decreased their target price on shares of Whirlpool from $81.00 to $65.00 and set an “underperform” rating on the stock in a research note on Friday, April 25th. Wall Street Zen upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. cut their price target on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Finally, Longbow Research upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Whirlpool has an average rating of “Hold” and an average price target of $108.40.

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.