Delta Financial Group Inc. Buys Shares of 3,000 Whirlpool Co. (NYSE:WHR)

Delta Financial Group Inc. purchased a new stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,000 shares of the company's stock, valued at approximately $343,000.

Other institutional investors have also bought and sold shares of the company. Legacy Capital Group California Inc. raised its position in shares of Whirlpool by 13.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 7,875 shares of the company's stock valued at $902,000 after buying an additional 953 shares in the last quarter. Ieq Capital LLC raised its position in Whirlpool by 85.1% during the fourth quarter. Ieq Capital LLC now owns 7,587 shares of the company's stock valued at $869,000 after purchasing an additional 3,488 shares during the period. Financial Sense Advisors Inc. lifted its stake in shares of Whirlpool by 122.9% in the 4th quarter. Financial Sense Advisors Inc. now owns 98,616 shares of the company's stock valued at $11,290,000 after purchasing an additional 54,368 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Whirlpool by 99.0% in the 4th quarter. Private Advisor Group LLC now owns 10,709 shares of the company's stock worth $1,226,000 after purchasing an additional 5,328 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Whirlpool during the 4th quarter valued at approximately $318,000. Institutional investors own 90.78% of the company's stock.

Whirlpool Trading Down 1.5 %

Whirlpool stock traded down $1.60 during mid-day trading on Thursday, hitting $102.70. The company's stock had a trading volume of 714,180 shares, compared to its average volume of 1,103,786. Whirlpool Co. has a one year low of $84.18 and a one year high of $135.49. The stock has a market cap of $5.69 billion, a PE ratio of -17.53 and a beta of 1.43. The company has a 50 day moving average of $114.11 and a 200-day moving average of $108.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72.

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Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 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 in the prior year, the firm posted $3.85 EPS. On average, research analysts anticipate that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Friday, February 28th will be paid a $1.75 dividend. The ex-dividend date is Friday, February 28th. This represents a $7.00 annualized dividend and a yield of 6.82%. Whirlpool's dividend payout ratio (DPR) is currently -119.45%.

Analyst Ratings Changes

WHR has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Whirlpool from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.