Belpointe Asset Management LLC Trims Stock Holdings in Whirlpool Co. (NYSE:WHR)

Belpointe Asset Management LLC trimmed its holdings in Whirlpool Co. (NYSE:WHRFree Report) by 28.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,565 shares of the company’s stock after selling 998 shares during the period. Belpointe Asset Management LLC’s holdings in Whirlpool were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA boosted its holdings in Whirlpool by 190.7% in the 4th quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after purchasing an additional 185 shares during the period. ORG Partners LLC bought a new position in Whirlpool in the 4th quarter valued at $37,000. Parallel Advisors LLC boosted its holdings in Whirlpool by 82.5% in the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after purchasing an additional 184 shares during the period. Headlands Technologies LLC bought a new position in Whirlpool in the 3rd quarter valued at $52,000. Finally, Federated Hermes Inc. boosted its holdings in Whirlpool by 79.4% in the 4th quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock valued at $53,000 after purchasing an additional 193 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Performance

NYSE WHR opened at $88.14 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.58 and a current ratio of 0.95. The company has a market capitalization of $4.82 billion, a P/E ratio of 12.14 and a beta of 1.48. The company has a fifty day moving average of $98.52 and a 200-day moving average of $107.66. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $160.62.

Whirlpool (NYSE:WHRGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.17. The business had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.66 earnings per share. As a group, equities research analysts predict that Whirlpool Co. will post 12.37 EPS for the current fiscal 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 paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 7.94%. The ex-dividend date is Thursday, May 16th. Whirlpool’s dividend payout ratio is presently 96.42%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Loop Capital assumed coverage on shares of Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price target for the company. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Royal Bank of Canada dropped their price objective on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a report on Friday, April 26th. Finally, Bank of America lifted their price objective on shares of Whirlpool from $63.00 to $75.00 in a report on Friday, May 17th. One 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, Whirlpool presently has a consensus rating of “Hold” and an average target price of $111.00.

Read Our Latest Stock Analysis on WHR

Whirlpool Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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