JPMorgan Chase & Co. Decreases Position in Whirlpool Co. (WHR)

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JPMorgan Chase & Co. lowered its position in shares of Whirlpool Co. (NYSE:WHR) by 30.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 117,087 shares of the company’s stock after selling 52,133 shares during the period. JPMorgan Chase & Co.’s holdings in Whirlpool were worth $15,561,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mason Street Advisors LLC boosted its position in shares of Whirlpool by 0.9% in the 1st quarter. Mason Street Advisors LLC now owns 9,076 shares of the company’s stock valued at $1,206,000 after purchasing an additional 80 shares during the period. FTB Advisors Inc. boosted its position in shares of Whirlpool by 3.3% in the 1st quarter. FTB Advisors Inc. now owns 2,970 shares of the company’s stock valued at $394,000 after purchasing an additional 95 shares during the period. Barnett & Company Inc. boosted its position in shares of Whirlpool by 14.1% in the 1st quarter. Barnett & Company Inc. now owns 799 shares of the company’s stock valued at $106,000 after purchasing an additional 99 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of Whirlpool by 5.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 1,900 shares of the company’s stock valued at $203,000 after purchasing an additional 100 shares during the period. Finally, Financial Advocates Investment Management boosted its position in shares of Whirlpool by 217.4% in the 4th quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares during the period. 94.10% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on WHR. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. ValuEngine upgraded Whirlpool from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Longbow Research upgraded Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Friday, May 10th. Finally, Raymond James reiterated a “hold” rating on shares of Whirlpool in a research report on Monday, March 18th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $137.94.

Shares of NYSE WHR opened at $125.59 on Thursday. Whirlpool Co. has a one year low of $99.40 and a one year high of $156.75. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.83 and a quick ratio of 0.53.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, April 22nd. The company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $3.04 by $0.07. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same period last year, the company posted $2.81 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts expect that Whirlpool Co. will post 14.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, May 16th. This is a positive change from Whirlpool’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 3.82%. Whirlpool’s dividend payout ratio (DPR) is presently 31.66%.

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About Whirlpool

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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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