First City Capital Management Inc. Grows Holdings in Whirlpool Co. (NYSE:WHR)

First City Capital Management Inc. raised its position in shares of Whirlpool Co. (NYSE:WHR) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,235 shares of the company’s stock after purchasing an additional 200 shares during the quarter. First City Capital Management Inc.’s holdings in Whirlpool were worth $256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SouthState Corp bought a new position in shares of Whirlpool in the second quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in shares of Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after buying an additional 210 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Whirlpool during the second quarter worth $32,000. Ashton Thomas Private Wealth LLC purchased a new position in Whirlpool during the second quarter valued at $32,000. Finally, True Wealth Design LLC lifted its stake in Whirlpool by 545.5% in the 3rd quarter. True Wealth Design LLC now owns 355 shares of the company’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Trading Up 0.1 %

WHR traded up $0.07 on Friday, reaching $115.13. 212,286 shares of the company traded hands, compared to its average volume of 384,773. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The firm has a fifty day simple moving average of $112.76 and a two-hundred day simple moving average of $104.78. The company has a market cap of $6.35 billion, a P/E ratio of 11.35 and a beta of 1.46. Whirlpool Co. has a one year low of $84.18 and a one year high of $126.30.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.44. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company’s revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.45 EPS. As a group, equities research analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Friday, November 15th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.08%. Whirlpool’s dividend payout ratio (DPR) is presently 69.03%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America boosted their target price on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada lowered their price target on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Whirlpool has an average rating of “Hold” and an average price target of $106.50.

Insider Activity at Whirlpool

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.05% of the stock is currently owned by corporate insiders.

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.