Steward Partners Investment Advisory LLC Has $550,000 Stock Holdings in Whirlpool Co. (NYSE:WHR)

Steward Partners Investment Advisory LLC increased its holdings in shares of Whirlpool Co. (NYSE:WHR) by 1,188.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,805 shares of the company’s stock after buying an additional 4,432 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Whirlpool were worth $550,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WHR. Charles Schwab Investment Management Inc. boosted its position in Whirlpool by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock worth $216,094,000 after buying an additional 258,871 shares during the period. Bank of New York Mellon Corp boosted its position in Whirlpool by 54.0% during the 4th quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company’s stock worth $72,917,000 after buying an additional 223,232 shares during the period. Verition Fund Management LLC boosted its position in Whirlpool by 648.2% during the 3rd quarter. Verition Fund Management LLC now owns 112,141 shares of the company’s stock worth $11,999,000 after buying an additional 97,152 shares during the period. Ibex Wealth Advisors acquired a new stake in Whirlpool during the 4th quarter worth approximately $7,275,000. Finally, Financial Sense Advisors Inc. boosted its position in Whirlpool by 122.9% during the 4th quarter. Financial Sense Advisors Inc. now owns 98,616 shares of the company’s stock worth $11,290,000 after buying an additional 54,368 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $106.00.

Whirlpool Stock Down 0.9 %

Shares of NYSE WHR opened at $91.05 on Thursday. The company has a market capitalization of $5.04 billion, a P/E ratio of -15.54 and a beta of 1.44. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $135.49. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The company’s 50 day moving average price is $110.12 and its 200-day moving average price is $108.62.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same period last year, the company posted $3.85 earnings per share. Equities analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Friday, February 28th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.00 annualized dividend and a dividend yield of 7.69%. Whirlpool’s dividend payout ratio is currently -119.45%.

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.