Whirlpool Co. (NYSE:WHR) Position Trimmed by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 40.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,728 shares of the company's stock after selling 4,641 shares during the period. Corient Private Wealth LLC's holdings in Whirlpool were worth $770,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Whirlpool during the fourth quarter worth about $34,719,000. Bank of New York Mellon Corp boosted its position in Whirlpool by 54.0% during the 4th quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company's stock worth $72,917,000 after acquiring an additional 223,232 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Whirlpool by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company's stock worth $242,470,000 after purchasing an additional 98,444 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Whirlpool by 648.2% during the third quarter. Verition Fund Management LLC now owns 112,141 shares of the company's stock valued at $11,999,000 after purchasing an additional 97,152 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in shares of Whirlpool during the fourth quarter valued at about $7,275,000. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Price Performance

NYSE WHR traded down $3.42 on Friday, reaching $89.58. The company's stock had a trading volume of 1,053,469 shares, compared to its average volume of 1,043,433. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $135.49. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The firm's 50 day moving average is $103.65 and its two-hundred day moving average is $108.05. The stock has a market cap of $4.96 billion, a PE ratio of -15.29 and a beta of 1.44.

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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 earnings per share (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 last year, the business earned $3.85 EPS. As a group, sell-side analysts predict that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Friday, February 28th were given 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 dividend yield of 7.81%. Whirlpool's dividend payout ratio (DPR) is -119.45%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WHR. The Goldman Sachs Group increased their target price 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. StockNews.com upgraded shares of Whirlpool from a "sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.