State of Alaska Department of Revenue Raises Stock Position in Whirlpool Corporation (NYSE:WHR)

State of Alaska Department of Revenue grew its holdings in Whirlpool Corporation (NYSE:WHR) by 3.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,487 shares of the company’s stock after buying an additional 190 shares during the period. State of Alaska Department of Revenue’s holdings in Whirlpool were worth $584,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WHR. SBI Securities Co. Ltd. purchased a new position in shares of Whirlpool in the 4th quarter worth $30,000. Nemes Rush Group LLC grew its stake in shares of Whirlpool by 79.1% in the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Whirlpool by 120.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company’s stock worth $37,000 after buying an additional 175 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company’s stock worth $40,000 after buying an additional 129 shares in the last quarter. Finally, Manitou Investment Management Ltd. purchased a new position in shares of Whirlpool during the 1st quarter worth about $50,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WHR. Royal Bank Of Canada dropped their price target on shares of Whirlpool from $81.00 to $65.00 and set an “underperform” rating for the company in a research note on Friday, April 25th. Wall Street Zen raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. dropped their price target on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Finally, Bank of America raised shares of Whirlpool from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $68.00 to $94.00 in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $99.25.

Whirlpool Price Performance

Whirlpool stock opened at $96.16 on Friday. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 686.88 and a beta of 1.18. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.72 and a quick ratio of 0.40. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The firm has a 50-day moving average of $82.99 and a two-hundred day moving average of $96.77.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.03. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The firm’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 EPS. On average, research analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Friday, May 16th were given a $1.75 dividend. The ex-dividend date was Friday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.28%. Whirlpool’s dividend payout ratio (DPR) is 5,000.00%.

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.