Cibc World Markets Corp Has $1.50 Million Stock Position in Whirlpool Co. (NYSE:WHR)

Cibc World Markets Corp increased its position in shares of Whirlpool Co. (NYSE:WHRFree Report) by 25.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,315 shares of the company’s stock after buying an additional 2,462 shares during the quarter. Cibc World Markets Corp’s holdings in Whirlpool were worth $1,500,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WHR. Blueshift Asset Management LLC raised its stake in shares of Whirlpool by 179.7% in the fourth quarter. Blueshift Asset Management LLC now owns 6,175 shares of the company’s stock worth $752,000 after purchasing an additional 3,967 shares during the last quarter. KBC Group NV raised its stake in shares of Whirlpool by 437.2% in the fourth quarter. KBC Group NV now owns 126,568 shares of the company’s stock worth $15,412,000 after purchasing an additional 103,009 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Whirlpool in the fourth quarter worth approximately $1,664,000. Treasurer of the State of North Carolina raised its stake in shares of Whirlpool by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,726 shares of the company’s stock worth $2,889,000 after purchasing an additional 230 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Whirlpool by 46.4% in the fourth quarter. Allianz Asset Management GmbH now owns 162,055 shares of the company’s stock worth $19,733,000 after purchasing an additional 51,359 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America increased their price objective on Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. Loop Capital began 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. 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. Finally, StockNews.com lowered Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.00.

Check Out Our Latest Stock Report on WHR

Whirlpool Stock Performance

WHR stock opened at $88.31 on Tuesday. The firm has a market cap of $4.82 billion, a PE ratio of 12.16 and a beta of 1.48. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The business has a 50 day moving average of $97.91 and a 200-day moving average of $107.50. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $160.62.

Whirlpool (NYSE:WHRGet Free Report) last announced its quarterly earnings data 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 return on equity of 35.16% and a net margin of 2.07%. The business had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company earned $2.66 earnings per share. Whirlpool’s revenue was down 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that Whirlpool Co. will post 12.37 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

About Whirlpool

(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.

Further Reading

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.