Westside Investment Management Inc. Decreases Holdings in Whirlpool Co. (NYSE:WHR)

Westside Investment Management Inc. trimmed its holdings in shares of Whirlpool Co. (NYSE:WHR) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,245 shares of the company’s stock after selling 250 shares during the period. Westside Investment Management Inc.’s holdings in Whirlpool were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. IFG Advisory LLC boosted its position in Whirlpool by 5.6% during the 4th quarter. IFG Advisory LLC now owns 2,737 shares of the company’s stock worth $333,000 after purchasing an additional 146 shares during the period. Gilman Hill Asset Management LLC boosted its position in Whirlpool by 47.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 79,926 shares of the company’s stock worth $9,733,000 after purchasing an additional 25,541 shares during the period. CWM LLC boosted its position in Whirlpool by 112.0% during the 4th quarter. CWM LLC now owns 1,221 shares of the company’s stock worth $149,000 after purchasing an additional 645 shares during the period. Salem Investment Counselors Inc. purchased a new stake in Whirlpool during the 1st quarter worth $45,000. Finally, Capital Advisors Inc. OK purchased a new stake in Whirlpool during the 4th quarter worth $6,373,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WHR shares. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a research report on Friday, April 26th. Bank of America upped their price objective on shares of Whirlpool from $63.00 to $75.00 in a research report on Friday, May 17th. Finally, StockNews.com cut shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Whirlpool has an average rating of “Hold” and an average price target of $111.00.

Whirlpool Stock Performance

Shares of WHR stock opened at $100.91 on Thursday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.58 and a current ratio of 0.95. Whirlpool Co. has a one year low of $84.18 and a one year high of $160.62. The company’s 50-day simple moving average is $92.69 and its 200-day simple moving average is $105.47. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 13.90 and a beta of 1.44.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The business had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the company posted $2.66 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities analysts anticipate that Whirlpool Co. will post 12.37 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Friday, May 17th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 6.94%. Whirlpool’s payout ratio is 96.42%.

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.