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

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Whirlpool by 14.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company's stock worth $216,094,000 after buying an additional 258,871 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Whirlpool by 54.0% during the fourth quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company's stock worth $72,917,000 after buying an additional 223,232 shares during the period. Verition Fund Management LLC boosted its position 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 worth $11,999,000 after buying an additional 97,152 shares during the period. Ibex Wealth Advisors acquired a new position in shares of Whirlpool during the fourth quarter worth about $7,275,000. Finally, Financial Sense Advisors Inc. boosted its position in shares of Whirlpool by 122.9% during the fourth quarter. Financial Sense Advisors Inc. now owns 98,616 shares of the company's stock worth $11,290,000 after buying an additional 54,368 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Stock Down 0.8 %

WHR traded down $0.75 on Friday, hitting $93.41. 1,175,188 shares of the company were exchanged, compared to its average volume of 1,031,809. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $135.49. The company has a market cap of $5.17 billion, a PE ratio of -15.94 and a beta of 1.44. 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 stock's fifty day moving average is $107.04 and its 200-day moving average is $108.21.

Remove Ads

Whirlpool (NYSE:WHR - Get Free Report) last released its 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 positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter last year, the firm earned $3.85 EPS. Equities research analysts predict that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Friday, February 28th were paid a $1.75 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 annualized dividend and a yield of 7.49%. Whirlpool's dividend payout ratio is -119.45%.

Wall Street Analysts Forecast Growth

WHR has been the subject of several recent research reports. The Goldman Sachs Group upped their price objective on 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 research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Whirlpool currently has a consensus rating of "Hold" and a consensus 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.