IPG Investment Advisors LLC Reduces Stake in Whirlpool Co. (NYSE:WHR)

IPG Investment Advisors LLC lessened its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,840 shares of the company's stock after selling 9,300 shares during the period. Whirlpool makes up about 1.2% of IPG Investment Advisors LLC's portfolio, making the stock its 24th largest holding. IPG Investment Advisors LLC owned approximately 0.08% of Whirlpool worth $5,133,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Whirlpool by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,536,118 shares of the company's stock valued at $633,775,000 after purchasing an additional 33,326 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 98,444 shares during the last quarter. State Street Corp grew its stake in shares of Whirlpool by 1.0% during the third quarter. State Street Corp now owns 1,650,386 shares of the company's stock worth $176,591,000 after buying an additional 15,752 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Whirlpool by 1.9% in 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 last quarter. Finally, Geode Capital Management LLC grew its position in 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 during the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

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Analysts Set New Price Targets

WHR has been the topic of a number of analyst reports. StockNews.com raised shares of Whirlpool from a "sell" rating to a "hold" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group boosted their price objective on Whirlpool from $125.00 to $138.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Two 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $106.00.

Whirlpool Stock Down 2.0 %

WHR stock traded down $1.80 during trading on Thursday, reaching $88.98. The stock had a trading volume of 1,439,459 shares, compared to its average volume of 1,040,650. Whirlpool Co. has a one year low of $84.18 and a one year high of $135.49. The company's 50 day moving average is $101.21 and its two-hundred day moving average is $107.95. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -15.18 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, beating 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 prior year, the company posted $3.85 earnings per share. Equities research analysts forecast that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Friday, February 28th were issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend was Friday, February 28th. Whirlpool's dividend payout ratio (DPR) is presently -119.45%.

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.