Avior Wealth Management LLC Acquires 1,000 Shares of Whirlpool Co. (NYSE:WHR)

Avior Wealth Management LLC grew its stake in Whirlpool Co. (NYSE:WHR) by 29.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,450 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Avior Wealth Management LLC’s holdings in Whirlpool were worth $542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake in Whirlpool by 30.1% in the first quarter. BlackRock Inc. now owns 6,001,651 shares of the company’s stock valued at $792,338,000 after buying an additional 1,389,657 shares during the period. International Assets Investment Management LLC raised its position in shares of Whirlpool by 3,554.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock valued at $168,339,000 after acquiring an additional 1,344,601 shares during the period. Boston Partners boosted its stake in Whirlpool by 59.7% during the 3rd quarter. Boston Partners now owns 2,473,047 shares of the company’s stock worth $328,804,000 after acquiring an additional 924,128 shares during the last quarter. State Street Corp grew its holdings in Whirlpool by 21.8% during the third quarter. State Street Corp now owns 3,122,210 shares of the company’s stock valued at $420,905,000 after purchasing an additional 558,391 shares during the period. Finally, Invesco Ltd. grew its holdings in Whirlpool by 38.3% during the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock valued at $261,296,000 after purchasing an additional 541,219 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Price Performance

Shares of NYSE WHR opened at $104.11 on Friday. The company has a fifty day moving average price of $110.03 and a 200 day moving average price of $113.86. The firm has a market cap of $5.69 billion, a PE ratio of 11.95 and a beta of 1.48. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. Whirlpool Co. has a 1-year low of $98.40 and a 1-year high of $160.62.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.32. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the prior year, the firm earned $3.89 earnings per share. Whirlpool’s revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts predict that Whirlpool Co. will post 13.64 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.75 per share. The ex-dividend date is Thursday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 6.72%. Whirlpool’s dividend payout ratio is currently 80.37%.

Analyst Upgrades and Downgrades

WHR has been the topic of several analyst reports. Loop Capital started coverage on shares of Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. Royal Bank of Canada lowered their price target on Whirlpool from $92.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Finally, StockNews.com upgraded Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $114.60.

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.