Kwmg LLC Acquires 2,278 Shares of Whirlpool Co. (NYSE:WHR)

Kwmg LLC grew its holdings in Whirlpool Co. (NYSE:WHR) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,965 shares of the company’s stock after acquiring an additional 2,278 shares during the quarter. Kwmg LLC owned 0.06% of Whirlpool worth $4,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Private Trust Co. NA raised its stake in Whirlpool by 190.7% during the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock worth $34,000 after acquiring an additional 185 shares in the last quarter. ORG Partners LLC acquired a new position in Whirlpool during the fourth quarter worth $37,000. Salem Investment Counselors Inc. acquired a new position in Whirlpool during the first quarter worth $45,000. Parallel Advisors LLC raised its stake in Whirlpool by 82.5% during the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after acquiring an additional 184 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Whirlpool by 79.4% during the fourth quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock worth $53,000 after acquiring an additional 193 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Whirlpool Trading Up 17.1 %

Whirlpool stock traded up $14.88 during mid-day trading on Wednesday, hitting $101.91. The stock had a trading volume of 9,545,665 shares, compared to its average volume of 1,409,089. The stock has a 50-day simple moving average of $93.09 and a two-hundred day simple moving average of $105.98. The stock has a market capitalization of $5.57 billion, a PE ratio of 13.51 and a beta of 1.48. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $160.62. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56.

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 analysts’ consensus estimates of $1.61 by $0.17. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. 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 company’s revenue was down 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Whirlpool Co. will post 12.37 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Friday, May 17th were issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend was Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

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.