IVC Wealth Advisors LLC Invests $204,000 in Whirlpool Co. (NYSE:WHR)

IVC Wealth Advisors LLC purchased a new position in Whirlpool Co. (NYSE:WHR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,705 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. IFG Advisory LLC raised its stake in Whirlpool by 5.6% in the fourth quarter. IFG Advisory LLC now owns 2,737 shares of the company’s stock valued at $333,000 after purchasing an additional 146 shares in the last quarter. Gilman Hill Asset Management LLC raised its stake in Whirlpool by 47.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 79,926 shares of the company’s stock valued at $9,733,000 after purchasing an additional 25,541 shares in the last quarter. CWM LLC raised its stake in Whirlpool by 112.0% in the fourth quarter. CWM LLC now owns 1,221 shares of the company’s stock valued at $149,000 after purchasing an additional 645 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in Whirlpool in the first quarter valued at approximately $45,000. Finally, Capital Advisors Inc. OK purchased a new stake in Whirlpool in the fourth quarter valued at approximately $6,373,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Trading Down 1.3 %

Shares of Whirlpool stock traded down $1.32 on Wednesday, hitting $100.91. The stock had a trading volume of 514,663 shares, compared to its average volume of 1,415,298. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. Whirlpool Co. has a one year low of $84.18 and a one year high of $160.62. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 13.90 and a beta of 1.44. The stock’s 50-day simple moving average is $92.69 and its two-hundred day simple moving average is $105.47.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The firm had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the business earned $2.66 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Whirlpool Co. will post 12.37 EPS for the current year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Friday, May 17th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 6.94%. The ex-dividend date was Thursday, May 16th. Whirlpool’s dividend payout ratio is 96.42%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WHR shares. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Royal Bank of Canada decreased their price target on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday, April 26th. Finally, Bank of America lifted their price target on shares of Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given 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 $111.00.

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.