Whirlpool Co. (NYSE:WHR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in Whirlpool Co. (NYSE:WHR) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,350 shares of the company’s stock after selling 333 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Whirlpool were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WHR. National Bank of Canada FI boosted its holdings in Whirlpool by 26.5% in the third quarter. National Bank of Canada FI now owns 12,282 shares of the company’s stock worth $1,622,000 after purchasing an additional 2,573 shares during the period. CWM LLC boosted its holdings in Whirlpool by 27.2% in the third quarter. CWM LLC now owns 576 shares of the company’s stock worth $77,000 after purchasing an additional 123 shares during the period. Kentucky Retirement Systems acquired a new position in Whirlpool in the third quarter worth $600,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Whirlpool in the third quarter worth $268,000. Finally, Global Retirement Partners LLC boosted its holdings in Whirlpool by 160.0% in the third quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Price Performance

Shares of NYSE WHR opened at $105.47 on Tuesday. Whirlpool Co. has a fifty-two week low of $98.40 and a fifty-two week high of $160.62. The firm’s 50-day simple moving average is $109.80 and its 200 day simple moving average is $113.31. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 2.53. The stock has a market cap of $5.76 billion, a P/E ratio of 12.11 and a beta of 1.48.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.32. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the business earned $3.89 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Equities analysts expect that Whirlpool Co. will post 13.64 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.64%. The ex-dividend date is Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is presently 80.37%.

Wall Street Analyst Weigh In

A number of research firms have commented on WHR. JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. TheStreet raised shares of Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th. StockNews.com raised shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Royal Bank of Canada reduced their price target on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Finally, Loop Capital started coverage on shares of Whirlpool in a report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Whirlpool currently has a consensus rating of “Hold” and an average price target of $114.60.

About Whirlpool

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.