Proficio Capital Partners LLC Invests $1.95 Million in Whirlpool Co. (NYSE:WHR)

Proficio Capital Partners LLC bought a new position in Whirlpool Co. (NYSE:WHR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,058 shares of the company's stock, valued at approximately $1,953,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WHR. Charles Schwab Investment Management Inc. lifted its stake in shares of Whirlpool by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company's stock valued at $216,094,000 after purchasing an additional 258,871 shares during the period. State Street Corp increased its holdings in Whirlpool by 1.0% in the third 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 in the last quarter. HighTower Advisors LLC lifted its position in shares of 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 boosted its stake in shares of Whirlpool by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 903,166 shares of the company's stock worth $96,664,000 after acquiring an additional 11,766 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings 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 during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.

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Whirlpool Trading Down 0.2 %

WHR traded down $0.19 during midday trading on Monday, hitting $94.68. The company's stock had a trading volume of 753,502 shares, compared to its average volume of 1,089,663. The firm has a market cap of $5.24 billion, a P/E ratio of -16.16 and a beta of 1.44. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $135.49. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average price of $111.42 and a two-hundred day moving average price of $108.84.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly 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 negative net margin of 1.95% and a positive return on equity of 21.89%. During the same quarter last year, the business earned $3.85 earnings per share. On average, research analysts anticipate that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.00 annualized dividend and a yield of 7.39%. Whirlpool's dividend payout ratio is currently -119.45%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WHR shares. StockNews.com raised Whirlpool from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st. The Goldman Sachs Group boosted their price objective 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Whirlpool presently has a consensus rating of "Hold" and an average price target 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.