Yousif Capital Management LLC Reduces Stock Position in Whirlpool Co. (NYSE:WHR)

Yousif Capital Management LLC cut its holdings in shares of Whirlpool Co. (NYSE:WHR) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,574 shares of the company’s stock after selling 175 shares during the quarter. Yousif Capital Management LLC’s holdings in Whirlpool were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its holdings in Whirlpool by 1.0% in the third quarter. Asset Management One Co. Ltd. now owns 20,816 shares of the company’s stock valued at $2,783,000 after purchasing an additional 198 shares during the last quarter. SVB Wealth LLC raised its stake in shares of Whirlpool by 6.8% during the 3rd quarter. SVB Wealth LLC now owns 2,727 shares of the company’s stock worth $365,000 after buying an additional 173 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Whirlpool by 9.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,292 shares of the company’s stock valued at $2,045,000 after buying an additional 1,318 shares in the last quarter. Xponance Inc. grew its stake in Whirlpool by 6.1% in the 3rd quarter. Xponance Inc. now owns 8,878 shares of the company’s stock valued at $1,187,000 after acquiring an additional 509 shares during the period. Finally, Raymond James & Associates increased its holdings in Whirlpool by 4.6% in the 3rd quarter. Raymond James & Associates now owns 78,769 shares of the company’s stock worth $10,531,000 after acquiring an additional 3,479 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on WHR shares. JPMorgan Chase & Co. cut their target price on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Royal Bank of Canada reduced their target price on Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a report on Friday, April 26th. StockNews.com lowered Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Loop Capital initiated coverage on Whirlpool in a research note on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price objective for the company. Finally, TheStreet raised shares of Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.40.

Whirlpool Stock Performance

NYSE WHR opened at $95.56 on Friday. Whirlpool Co. has a fifty-two week low of $91.90 and a fifty-two week high of $160.62. The firm has a market capitalization of $5.22 billion, a P/E ratio of 13.16 and a beta of 1.52. The stock’s fifty day moving average is $107.68 and its two-hundred day moving average is $111.72. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.58 and a current ratio of 0.95.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The firm had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the previous year, the company posted $2.66 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. On average, research analysts anticipate that Whirlpool Co. will post 12.53 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.75 per share. The ex-dividend date is Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.33%. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

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.