Sigma Planning Corp Increases Stake in Whirlpool Co. (NYSE:WHR)

Sigma Planning Corp grew its position in shares of Whirlpool Co. (NYSE:WHRGet Rating) by 2.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,742 shares of the company’s stock after acquiring an additional 128 shares during the quarter. Sigma Planning Corp’s holdings in Whirlpool were worth $889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banque Pictet & Cie SA boosted its position in shares of Whirlpool by 13.1% during the 1st quarter. Banque Pictet & Cie SA now owns 9,954 shares of the company’s stock valued at $1,720,000 after acquiring an additional 1,153 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of Whirlpool by 13.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 10,445 shares of the company’s stock valued at $1,618,000 after acquiring an additional 1,220 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Whirlpool by 13.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 70,622 shares of the company’s stock valued at $12,202,000 after acquiring an additional 8,266 shares during the last quarter. Walker Asset Management LLC bought a new position in shares of Whirlpool during the 2nd quarter valued at approximately $539,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Whirlpool by 27.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,079 shares of the company’s stock valued at $359,000 after acquiring an additional 444 shares during the last quarter. 96.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WHR has been the subject of a number of analyst reports. StockNews.com initiated coverage on Whirlpool in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group lowered their price target on Whirlpool to $157.00 in a research report on Thursday, October 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $160.00 price target on shares of Whirlpool in a research report on Thursday. TheStreet downgraded Whirlpool from a “b” rating to a “c+” rating in a research report on Monday, July 25th. Finally, Bank of America downgraded Whirlpool from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $155.00 to $119.00 in a research report on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $167.00.

Whirlpool Stock Down 0.3 %

NYSE:WHR opened at $147.42 on Monday. Whirlpool Co. has a twelve month low of $124.43 and a twelve month high of $245.44. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.52. The stock has a fifty day simple moving average of $141.55 and a 200-day simple moving average of $158.11. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 1.09.

Whirlpool (NYSE:WHRGet Rating) last announced its quarterly earnings results on Friday, October 21st. The company reported $4.49 EPS for the quarter, missing the consensus estimate of $5.76 by ($1.27). The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Whirlpool had a net margin of 1.86% and a return on equity of 27.65%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.68 EPS. Analysts anticipate that Whirlpool Co. will post 19.19 EPS for the current year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 18th will be paid a dividend of $1.75 per share. The ex-dividend date is Thursday, November 17th. This represents a $7.00 annualized dividend and a dividend yield of 4.75%. Whirlpool’s dividend payout ratio is currently 112.72%.

Whirlpool Profile

(Get Rating)

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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