Geode Capital Management LLC Grows Holdings in Whirlpool Co. (NYSE:WHR)

Geode Capital Management LLC boosted its holdings in Whirlpool Co. (NYSE:WHR) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 937,637 shares of the company’s stock after purchasing an additional 34,471 shares during the quarter. Geode Capital Management LLC owned about 1.70% of Whirlpool worth $107,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Lisle Cummings Inc. purchased a new stake in Whirlpool in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new stake in Whirlpool in the 4th quarter valued at $30,000. Nemes Rush Group LLC raised its position in Whirlpool by 79.1% during the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. GAMMA Investing LLC raised its position in Whirlpool by 323.1% during the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after buying an additional 210 shares during the last quarter. Finally, Bogart Wealth LLC raised its position in Whirlpool by 113.6% during the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Up 10.4 %

Shares of NYSE WHR opened at $85.52 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. Whirlpool Co. has a 52 week low of $75.04 and a 52 week high of $135.49. The firm has a 50-day moving average price of $95.35 and a 200 day moving average price of $106.99. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of -14.59 and a beta of 1.31.

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

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Friday, February 28th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 8.19%. The ex-dividend date was Friday, February 28th. Whirlpool’s dividend payout ratio (DPR) is -119.45%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.00.

Whirlpool Company 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.