Envestnet Asset Management Inc. Sells 32,284 Shares of Whirlpool Co. (NYSE:WHR)

Envestnet Asset Management Inc. reduced its stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 44.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,023 shares of the company's stock after selling 32,284 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Whirlpool worth $4,582,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WHR. Brown Lisle Cummings Inc. bought a new stake in shares of Whirlpool during the 4th quarter worth $27,000. SBI Securities Co. Ltd. acquired a new position in Whirlpool during the 4th quarter worth $30,000. Nemes Rush Group LLC grew its position in shares of Whirlpool by 79.1% in the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company's stock worth $31,000 after purchasing an additional 210 shares during the period. Finally, Bogart Wealth LLC lifted its position in shares of Whirlpool by 113.6% during the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company's stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Performance

NYSE:WHR opened at $77.12 on Wednesday. The stock has a market capitalization of $4.27 billion, a P/E ratio of -13.16 and a beta of 1.31. Whirlpool Co. has a 1 year low of $75.03 and a 1 year high of $135.49. The firm has a 50 day moving average of $91.41 and a 200-day moving average of $105.34. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62.

Whirlpool (NYSE:WHR - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $4.57 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 in the previous year, the firm earned $3.85 EPS. As a group, sell-side analysts anticipate that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.08%. Whirlpool's payout ratio is -119.45%.

Analysts Set New Price Targets

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

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