State of Alaska Department of Revenue Lowers Position in Whirlpool Co. (NYSE:WHR)

State of Alaska Department of Revenue cut its stake in shares of Whirlpool Co. (NYSE:WHR) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,927 shares of the company’s stock after selling 590 shares during the period. State of Alaska Department of Revenue’s holdings in Whirlpool were worth $721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WHR. Geneos Wealth Management Inc. raised its holdings in Whirlpool by 96.2% during the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares during the period. Park Place Capital Corp bought a new stake in Whirlpool during the third quarter valued at about $29,000. Global Retirement Partners LLC raised its holdings in Whirlpool by 160.0% during the third quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Point72 Asset Management L.P. bought a new stake in Whirlpool during the fourth quarter valued at about $32,000. Finally, Brown Brothers Harriman & Co. raised its holdings in 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 acquiring an additional 200 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com raised Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Loop Capital initiated coverage on Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 target price on the stock. Royal Bank of Canada reduced their target price on Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. reduced their target price on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $122.17.

Whirlpool Trading Down 5.0 %

WHR opened at $110.94 on Thursday. The firm has a market cap of $6.06 billion, a P/E ratio of 12.74 and a beta of 1.48. Whirlpool Co. has a 12 month low of $98.40 and a 12 month high of $160.62. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The stock has a 50-day moving average of $110.41 and a 200 day moving average of $114.79.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Tuesday, January 30th. The company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.53 by $0.32. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.98 billion. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $3.89 earnings per share. As a group, research analysts forecast that Whirlpool Co. will post 13.64 EPS for the current year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.75 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $7.00 annualized dividend and a yield of 6.31%. Whirlpool’s dividend payout ratio is currently 80.37%.

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.