Congress Wealth Management LLC DE Sells 11,280 Shares of Whirlpool Co. (NYSE:WHR)

Congress Wealth Management LLC DE trimmed its position in shares of Whirlpool Co. (NYSE:WHR) by 57.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,295 shares of the company’s stock after selling 11,280 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Whirlpool were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brown Lisle Cummings Inc. bought a new stake in Whirlpool during the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Whirlpool during the fourth quarter worth $30,000. GAMMA Investing LLC grew its holdings in shares of Whirlpool by 323.1% during the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after purchasing an additional 210 shares during the last quarter. Bogart Wealth LLC raised its holdings in shares of Whirlpool by 113.6% in the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Whirlpool during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Performance

Whirlpool stock opened at $92.88 on Friday. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $135.49. The company’s 50-day moving average is $104.46 and its two-hundred day moving average is $108.03. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. The company has a market cap of $5.14 billion, a PE ratio of -15.85 and a beta of 1.44.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same period last year, the company posted $3.85 EPS. Equities analysts anticipate that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Friday, February 28th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.54%. Whirlpool’s dividend payout ratio is -119.45%.

Analysts Set New Price Targets

Several research firms have weighed in on WHR. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group raised their price target on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. 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. According to MarketBeat, Whirlpool has an average rating of “Hold” and an average price target of $106.00.

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.