Congress Wealth Management LLC DE Sells 11,280 Shares of Whirlpool Co. (NYSE:WHR)

Congress Wealth Management LLC DE cut its holdings in Whirlpool Co. (NYSE:WHR - Free Report) by 57.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,295 shares of the company's stock after selling 11,280 shares during the quarter. Congress Wealth Management LLC DE's holdings in Whirlpool were worth $950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WHR. Quest Partners LLC lifted its position in shares of Whirlpool by 78,200.0% during the 3rd quarter. Quest Partners LLC now owns 783 shares of the company's stock valued at $84,000 after acquiring an additional 782 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Whirlpool by 26.5% during the third quarter. Cerity Partners LLC now owns 36,409 shares of the company's stock valued at $3,896,000 after purchasing an additional 7,622 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Whirlpool by 45.0% in the 3rd quarter. Bank of Montreal Can now owns 26,251 shares of the company's stock valued at $2,826,000 after purchasing an additional 8,150 shares during the period. Quantbot Technologies LP boosted its position in shares of Whirlpool by 2.4% in the 3rd quarter. Quantbot Technologies LP now owns 26,282 shares of the company's stock valued at $2,812,000 after purchasing an additional 608 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Whirlpool by 43.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,383 shares of the company's stock worth $3,144,000 after purchasing an additional 8,888 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com upgraded shares of Whirlpool from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st. The Goldman Sachs Group upped their price target on shares of Whirlpool from $125.00 to $138.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Whirlpool has a consensus rating of "Hold" and an average target price of $106.00.

Whirlpool Stock Up 1.2 %

Shares of WHR traded up $1.04 during trading hours on Tuesday, reaching $91.17. The company's stock had a trading volume of 758,802 shares, compared to its average volume of 1,040,047. The company has a 50 day moving average of $102.04 and a two-hundred day moving average of $108.07. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of -15.56 and a beta of 1.44. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, beating 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 last year, the firm posted $3.85 EPS. As a group, research analysts predict that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Friday, February 28th were paid a $1.75 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 dividend on an annualized basis and a yield of 7.68%. Whirlpool's dividend payout ratio (DPR) is currently -119.45%.

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.