GWM Advisors LLC Takes Position in Whirlpool Co. (WHR)

GWM Advisors LLC bought a new stake in shares of Whirlpool Co. (NYSE:WHR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,051 shares of the company’s stock, valued at approximately $243,000.

Other large investors also recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new position in shares of Whirlpool during the second quarter valued at approximately $111,000. FNY Investment Advisers LLC purchased a new position in Whirlpool in the second quarter worth $123,000. Norway Savings Bank purchased a new position in Whirlpool in the second quarter worth $132,000. NuWave Investment Management LLC purchased a new position in Whirlpool in the third quarter worth $107,000. Finally, First Hawaiian Bank purchased a new position in Whirlpool in the third quarter worth $160,000. 92.67% of the stock is currently owned by institutional investors.

Several research firms have weighed in on WHR. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. MKM Partners set a $146.00 price objective on Whirlpool and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Standpoint Research began coverage on Whirlpool in a research report on Tuesday, July 10th. They issued a “buy” rating on the stock. Royal Bank of Canada cut Whirlpool from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 25th. Finally, Credit Suisse Group set a $175.00 price objective on Whirlpool and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Whirlpool currently has an average rating of “Hold” and an average price target of $144.88.

WHR stock opened at $115.92 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.58 and a current ratio of 0.87. Whirlpool Co. has a 1-year low of $102.13 and a 1-year high of $187.47. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.51.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.76 by $0.79. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.83 earnings per share. As a group, research analysts predict that Whirlpool Co. will post 14.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.60 annualized dividend and a dividend yield of 3.97%. Whirlpool’s payout ratio is presently 33.48%.

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Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

Further Reading: Why is the ex-dividend date different from the record date?

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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