Farther Finance Advisors LLC Buys 908 Shares of Whirlpool Co. (NYSE:WHR)

Farther Finance Advisors LLC increased its stake in Whirlpool Co. (NYSE:WHR) by 27.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,257 shares of the company’s stock after buying an additional 908 shares during the period. Farther Finance Advisors LLC’s holdings in Whirlpool were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WHR. Private Advisor Group LLC boosted its position in shares of Whirlpool by 99.0% in the 4th quarter. Private Advisor Group LLC now owns 10,709 shares of the company’s stock worth $1,226,000 after purchasing an additional 5,328 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Whirlpool by 54.0% in the 4th quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company’s stock worth $72,917,000 after purchasing an additional 223,232 shares in the last quarter. Delta Financial Group Inc. purchased a new stake in Whirlpool in the 4th quarter worth approximately $343,000. Steward Partners Investment Advisory LLC grew its stake in shares of Whirlpool by 1,188.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,805 shares of the company’s stock worth $550,000 after purchasing an additional 4,432 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Whirlpool by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company’s stock valued at $242,470,000 after purchasing an additional 98,444 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Performance

Shares of WHR opened at $92.93 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The stock has a market capitalization of $5.17 billion, a PE ratio of -15.86 and a beta of 1.18. Whirlpool Co. has a 12-month low of $73.72 and a 12-month high of $135.49. The business’s fifty day moving average price is $80.67 and its 200 day moving average price is $98.02.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.03. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company’s revenue was down 19.4% on a year-over-year basis. Equities research analysts forecast that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Friday, May 16th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 7.53%. Whirlpool’s dividend payout ratio (DPR) is 5,000.00%.

Analysts Set New Price Targets

Several research firms have issued reports on WHR. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $81.00 to $65.00 and set an “underperform” rating on the stock in a report on Friday, April 25th. Wall Street Zen cut shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America raised Whirlpool from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $68.00 to $94.00 in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Whirlpool presently has a consensus rating of “Hold” and a consensus price target of $99.25.

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.