Boothbay Fund Management LLC increased its position in Whirlpool Co. (NYSE:WHR - Free Report) by 83.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,046 shares of the company's stock after buying an additional 26,831 shares during the quarter. Boothbay Fund Management LLC owned about 0.11% of Whirlpool worth $6,760,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. purchased a new position in shares of Whirlpool in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new stake in Whirlpool during the 4th quarter worth approximately $30,000. GAMMA Investing LLC raised its holdings in Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company's stock valued at $31,000 after buying an additional 210 shares during the period. Nemes Rush Group LLC lifted its position in Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock valued at $31,000 after buying an additional 121 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in Whirlpool by 113.6% during the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company's stock worth $32,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 90.78% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on WHR shares. StockNews.com downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Friday. The Goldman Sachs Group raised their price objective on Whirlpool from $125.00 to $138.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $106.00.
Read Our Latest Stock Analysis on WHR
Whirlpool Trading Down 2.0 %
WHR opened at $77.42 on Friday. The firm has a market capitalization of $4.29 billion, a P/E ratio of -13.21 and a beta of 1.31. The firm's 50 day moving average is $89.83 and its 200-day moving average is $104.80. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. Whirlpool Co. has a 52-week low of $75.03 and a 52-week high of $135.49.
Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.06). The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.67 billion. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same period last year, the firm earned $1.78 EPS. Analysts expect that Whirlpool Co. will post 9.52 EPS for the current fiscal year.
Whirlpool Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 annualized dividend and a yield of 9.04%. Whirlpool's dividend payout ratio is presently 5,000.00%.
About Whirlpool
(
Free Report)
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.
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