Kovack Advisors Inc. Acquires Shares of 2,513 Whirlpool Co. (NYSE:WHR)

Kovack Advisors Inc. acquired a new stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,513 shares of the company's stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in Whirlpool by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company's stock valued at $216,094,000 after acquiring an additional 258,871 shares during the period. State Street Corp lifted its stake in Whirlpool by 1.0% during the 3rd quarter. State Street Corp now owns 1,650,386 shares of the company's stock valued at $176,591,000 after acquiring an additional 15,752 shares during the period. HighTower Advisors LLC lifted its stake in Whirlpool by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company's stock valued at $110,567,000 after acquiring an additional 18,936 shares during the period. Geode Capital Management LLC lifted its stake in shares of Whirlpool by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 903,166 shares of the company's stock worth $96,664,000 after purchasing an additional 11,766 shares during the period. Finally, Bank of New York Mellon Corp lifted 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 purchasing an additional 223,232 shares during the period. Institutional investors own 90.78% of the company's stock.

Remove Ads

Whirlpool Stock Performance

NYSE WHR traded up $0.91 on Wednesday, reaching $91.62. 1,296,041 shares of the stock were exchanged, compared to its average volume of 1,093,043. Whirlpool Co. has a one year low of $84.18 and a one year high of $135.49. The firm has a market capitalization of $5.07 billion, a PE ratio of -15.64 and a beta of 1.43. The company's 50-day simple moving average is $112.27 and its two-hundred day simple moving average is $108.80. 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 released its earnings results on Wednesday, January 29th. The company reported $4.57 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business posted $3.85 EPS. Analysts expect that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date is Friday, February 28th. Whirlpool's dividend payout ratio (DPR) is currently -119.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WHR shares. The Goldman Sachs Group increased their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research note 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 research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.