Ibex Wealth Advisors Buys New Shares in Whirlpool Co. (NYSE:WHR)

Ibex Wealth Advisors purchased a new stake in Whirlpool Co. (NYSE:WHR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 63,548 shares of the company's stock, valued at approximately $7,275,000. Ibex Wealth Advisors owned 0.12% of Whirlpool at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WHR. Sei Investments Co. raised its holdings in shares of Whirlpool by 7.8% during the 2nd quarter. Sei Investments Co. now owns 44,793 shares of the company's stock worth $4,578,000 after buying an additional 3,225 shares in the last quarter. Algert Global LLC bought a new stake in shares of Whirlpool during the 2nd quarter worth $561,000. Creative Planning lifted its position in shares of Whirlpool by 128.3% during the 2nd quarter. Creative Planning now owns 11,220 shares of the company's stock worth $1,147,000 after buying an additional 6,305 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Whirlpool by 629.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,230 shares of the company's stock worth $432,000 after buying an additional 3,650 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Whirlpool by 84.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 3,926 shares of the company's stock worth $401,000 after buying an additional 1,793 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on WHR shares. StockNews.com upgraded Whirlpool from a "sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Bank of America increased their target price on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Whirlpool from $103.00 to $109.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group raised their price objective on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada lowered their price objective on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Whirlpool has a consensus rating of "Hold" and a consensus price target of $112.80.

Whirlpool Stock Performance

Whirlpool stock traded down $21.34 during trading on Thursday, hitting $108.44. The stock had a trading volume of 4,735,070 shares, compared to its average volume of 1,094,859. The stock's 50 day moving average is $119.24 and its two-hundred day moving average is $108.40. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $135.49. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 10.69 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.26 by $0.31. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. During the same quarter in the previous year, the business posted $3.85 EPS. As a group, analysts predict that Whirlpool Co. will post 12.31 EPS for the current year.

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.