Old North State Wealth Management LLC Buys Shares of 1,810 Whirlpool Co. (NYSE:WHR)

Old North State Wealth Management LLC acquired a new stake in shares of Whirlpool Co. (NYSE:WHR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,810 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also modified their holdings of WHR. Charles Schwab Investment Management Inc. raised its holdings in Whirlpool by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock worth $216,094,000 after buying an additional 258,871 shares during the period. Raymond James & Associates raised its holdings in shares of Whirlpool by 335.3% during the third quarter. Raymond James & Associates now owns 188,508 shares of the company’s stock worth $20,170,000 after acquiring an additional 145,200 shares during the period. Verition Fund Management LLC lifted its position in Whirlpool by 648.2% in the 3rd quarter. Verition Fund Management LLC now owns 112,141 shares of the company’s stock valued at $11,999,000 after acquiring an additional 97,152 shares in the last quarter. Easterly Investment Partners LLC boosted its stake in Whirlpool by 95.6% in the 3rd quarter. Easterly Investment Partners LLC now owns 151,157 shares of the company’s stock worth $16,174,000 after purchasing an additional 73,865 shares during the period. Finally, Ibex Wealth Advisors bought a new position in Whirlpool during the 4th quarter worth about $7,275,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Performance

NYSE WHR opened at $100.52 on Wednesday. The stock has a market cap of $5.54 billion, a PE ratio of -17.15 and a beta of 1.43. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The firm has a 50-day moving average of $118.66 and a 200-day moving average of $108.27. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter in the previous year, the firm earned $3.85 earnings per share. On average, sell-side analysts anticipate that Whirlpool Co. will post 12.87 EPS for the current year.

Wall Street Analysts Forecast Growth

WHR has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Bank of America upped their price target on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Royal Bank of Canada lowered their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Whirlpool currently has a consensus rating of “Hold” and an average target price of $112.80.

Whirlpool 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.