CIBC Private Wealth Group LLC Has $247,000 Stake in Whirlpool Co. (NYSE:WHR)

CIBC Private Wealth Group LLC trimmed its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 88.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC increased its position in Whirlpool by 96.9% during the fourth quarter. Summit Securities Group LLC now owns 6,300 shares of the company's stock worth $721,000 after acquiring an additional 3,100 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Whirlpool by 23.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 7,375 shares of the company's stock valued at $844,000 after buying an additional 1,420 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Whirlpool by 2.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 10,769 shares of the company's stock valued at $1,233,000 after buying an additional 254 shares during the period. Providence Capital Advisors LLC grew its position in Whirlpool by 0.9% during the fourth quarter. Providence Capital Advisors LLC now owns 23,262 shares of the company's stock worth $2,663,000 after buying an additional 218 shares in the last quarter. Finally, Norges Bank bought a new position in Whirlpool during the fourth quarter valued at about $73,468,000. 90.78% of the stock is currently owned by institutional investors.

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Whirlpool Price Performance

Shares of WHR traded up $0.28 during mid-day trading on Friday, reaching $81.23. The company had a trading volume of 1,176,548 shares, compared to its average volume of 1,065,052. 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 company has a market capitalization of $4.50 billion, a P/E ratio of -13.86 and a beta of 1.31. Whirlpool Co. has a twelve month low of $75.04 and a twelve month high of $135.49. The company's 50-day moving average is $94.60 and its 200-day moving average is $106.68.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings data 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 positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter last year, the company earned $3.85 earnings per share. On average, equities analysts anticipate that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Friday, February 28th were issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 8.62%. The ex-dividend date of this dividend was Friday, February 28th. Whirlpool's dividend payout ratio is currently -119.45%.

Analyst Ratings Changes

A number of analysts have commented on WHR shares. 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. StockNews.com upgraded shares of Whirlpool from a "sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Whirlpool presently has an average rating of "Hold" and an average target price of $106.00.

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.