Zurcher Kantonalbank Zurich Cantonalbank Has $1.67 Million Stake in Whirlpool Co. (NYSE:WHR)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Whirlpool Co. (NYSE:WHR - Free Report) by 22.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,576 shares of the company's stock after buying an additional 2,686 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Whirlpool were worth $1,669,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WHR. Raymond James Financial Inc. acquired a new position in Whirlpool during the fourth quarter valued at approximately $34,719,000. Charles Schwab Investment Management Inc. boosted its position 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 acquiring an additional 258,871 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Whirlpool by 54.0% in the fourth quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company's stock valued at $72,917,000 after acquiring an additional 223,232 shares during the period. Verition Fund Management LLC boosted its position in shares of Whirlpool by 648.2% in the third quarter. Verition Fund Management LLC now owns 112,141 shares of the company's stock valued at $11,999,000 after acquiring an additional 97,152 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in shares of Whirlpool in the fourth quarter valued at approximately $7,275,000. Institutional investors and hedge funds own 90.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Whirlpool from $125.00 to $138.00 and gave the company 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 given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Whirlpool has an average rating of "Hold" and an average price target of $106.00.

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Whirlpool Stock Performance

WHR stock traded down $0.75 during midday trading on Friday, hitting $93.41. The stock had a trading volume of 1,173,923 shares, compared to its average volume of 1,030,526. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of -15.94 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 stock has a 50-day simple moving average of $107.53 and a 200 day simple moving average of $108.18. 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 issued its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the firm earned $3.85 earnings per share. As a group, equities research analysts anticipate that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.49%. Whirlpool's payout ratio 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.