Cibc World Markets Corp Acquires 2,954 Shares of Whirlpool Co. (NYSE:WHR)

Cibc World Markets Corp increased its position in Whirlpool Co. (NYSE:WHR – Get Rating) by 29.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,880 shares of the company’s stock after buying an additional 2,954 shares during the quarter. Cibc World Markets Corp’s holdings in Whirlpool were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in Whirlpool by 96.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after buying an additional 100 shares during the last quarter. TD Capital Management LLC purchased a new position in shares of Whirlpool during the third quarter valued at approximately $28,000. Brown Brothers Harriman & Co. increased its stake in shares of Whirlpool by 526.3% during the first quarter. Brown Brothers Harriman & Co. now owns 238 shares of the company’s stock valued at $41,000 after buying an additional 200 shares during the period. Silvant Capital Management LLC purchased a new stake in Whirlpool in the fourth quarter worth $57,000. Finally, AlphaCentric Advisors LLC purchased a new stake in Whirlpool in the third quarter worth $79,000. Institutional investors own 92.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on WHR. Credit Suisse Group upped their price target on Whirlpool from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. The Goldman Sachs Group raised Whirlpool from a “neutral” rating to a “buy” rating and cut their target price for the stock from $170.00 to $160.00 in a research note on Tuesday, April 11th. StockNews.com began coverage on Whirlpool in a report on Thursday. They set a “hold” rating on the stock. Finally, Royal Bank of Canada upped their price target on Whirlpool from $108.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, February 1st. Two equities research 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, Whirlpool has a consensus rating of “Hold” and a consensus target price of $136.80.

Whirlpool Stock Performance

NYSE:WHR opened at $131.43 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 3.30. Whirlpool Co. has a 12-month low of $124.10 and a 12-month high of $186.11. The stock has a 50-day moving average price of $132.86 and a 200 day moving average price of $140.97.

Whirlpool (NYSE:WHR – Get Rating) last released its earnings results on Monday, April 24th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.52. Whirlpool had a positive return on equity of 28.28% and a negative net margin of 10.34%. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the business posted $5.31 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. On average, sell-side analysts expect that Whirlpool Co. will post 16.42 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, May 19th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Thursday, May 18th. Whirlpool’s payout ratio is -19.10%.

About Whirlpool

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Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.