JPMorgan Chase & Co. Sells 38,469 Shares of Whirlpool Co. (NYSE:WHR)

JPMorgan Chase & Co. cut its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,665 shares of the company's stock after selling 38,469 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of Whirlpool worth $17,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WHR. Vanguard Group Inc. raised its stake in shares of Whirlpool by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,536,118 shares of the company's stock worth $633,775,000 after purchasing an additional 33,326 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Whirlpool by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company's stock valued at $242,470,000 after buying an additional 98,444 shares during the last quarter. State Street Corp raised its position in Whirlpool by 1.0% in the 3rd quarter. State Street Corp now owns 1,650,386 shares of the company's stock valued at $176,591,000 after buying an additional 15,752 shares during the last quarter. Geode Capital Management LLC lifted its stake in Whirlpool by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 903,166 shares of the company's stock valued at $96,664,000 after acquiring an additional 11,766 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Whirlpool by 54.0% in 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 in the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

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Wall Street Analysts Forecast Growth

WHR has been the subject of a number of recent analyst reports. StockNews.com raised shares of Whirlpool from a "sell" rating to a "hold" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their target price on Whirlpool from $125.00 to $138.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $106.00.

Whirlpool Stock Performance

WHR traded down $0.90 during midday trading on Tuesday, reaching $79.33. The company had a trading volume of 1,050,886 shares, compared to its average volume of 1,065,808. Whirlpool Co. has a 12-month low of $75.04 and a 12-month high of $135.49. The business has a 50-day moving average price of $94.15 and a two-hundred day moving average price of $106.49. The stock has a market cap of $4.39 billion, a PE ratio of -13.54 and a beta of 1.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 EPS for the quarter, beating 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 period in the prior year, the business earned $3.85 EPS. On average, sell-side analysts expect that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Friday, May 16th will be given a dividend of $1.75 per share. The ex-dividend date is Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 8.82%. Whirlpool's dividend payout ratio is presently -119.45%.

About Whirlpool

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.