Bank Julius Baer & Co. Ltd Zurich Acquires 3,265 Shares of Whirlpool Co. (NYSE:WHR)

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,470 shares of the company’s stock after buying an additional 3,265 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.19% of Whirlpool worth $12,721,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in Whirlpool by 19.6% during the third quarter. Envestnet Asset Management Inc. now owns 90,465 shares of the company’s stock valued at $12,095,000 after buying an additional 14,851 shares during the period. IFG Advisory LLC grew its position in Whirlpool by 5.6% during the fourth quarter. IFG Advisory LLC now owns 2,737 shares of the company’s stock valued at $333,000 after buying an additional 146 shares during the period. Gilman Hill Asset Management LLC lifted its holdings in Whirlpool by 47.0% during the fourth quarter. Gilman Hill Asset Management LLC now owns 79,926 shares of the company’s stock valued at $9,733,000 after purchasing an additional 25,541 shares in the last quarter. Capital Advisors Inc. OK purchased a new position in Whirlpool during the fourth quarter valued at approximately $6,373,000. Finally, Deutsche Bank AG lifted its holdings in Whirlpool by 4.7% during the third quarter. Deutsche Bank AG now owns 428,220 shares of the company’s stock valued at $57,253,000 after purchasing an additional 19,036 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Trading Down 0.4 %

Shares of NYSE WHR traded down $0.37 during mid-day trading on Friday, reaching $94.60. The company had a trading volume of 2,516,171 shares, compared to its average volume of 1,372,095. The business’s 50-day moving average is $109.41 and its 200-day moving average is $113.00. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 13.08 and a beta of 1.48. Whirlpool Co. has a 52 week low of $91.90 and a 52 week high of $160.62.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 36.24%. The firm had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the prior year, the business posted $2.66 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts expect that Whirlpool Co. will post 12.85 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.40%. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WHR. StockNews.com raised shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. decreased their price target on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Loop Capital began coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They set a “buy” rating and a $140.00 price target on the stock. TheStreet upgraded shares of Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada cut their price objective on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Whirlpool has a consensus rating of “Hold” and a consensus target price of $113.40.

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.