Providence Capital Advisors LLC Grows Stock Holdings in Whirlpool Co. (NYSE:WHR)

Providence Capital Advisors LLC grew its holdings in shares of Whirlpool Co. (NYSE:WHR) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,262 shares of the company’s stock after purchasing an additional 218 shares during the period. Providence Capital Advisors LLC’s holdings in Whirlpool were worth $2,663,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in Whirlpool by 99.0% in the fourth quarter. Private Advisor Group LLC now owns 10,709 shares of the company’s stock valued at $1,226,000 after purchasing an additional 5,328 shares during the period. Bank of New York Mellon Corp boosted its position in Whirlpool by 54.0% during the 4th quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company’s stock worth $72,917,000 after acquiring an additional 223,232 shares during the period. Delta Financial Group Inc. bought a new stake in Whirlpool during the fourth quarter worth approximately $343,000. First Dallas Securities Inc. grew its stake in shares of Whirlpool by 99.4% in the 4th quarter. First Dallas Securities Inc. now owns 8,125 shares of the company’s stock worth $930,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Whirlpool by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 440,175 shares of the company’s stock worth $47,099,000 after purchasing an additional 6,049 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Performance

WHR opened at $92.88 on Friday. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of -15.85 and a beta of 1.44. 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 12-month low of $84.18 and a 12-month high of $135.49. The business has a 50 day moving average of $104.46 and a 200-day moving average of $108.03.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share 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 last year, the company earned $3.85 EPS. On average, equities research analysts expect that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Friday, February 28th were given a $1.75 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.54%. Whirlpool’s payout ratio is -119.45%.

Analyst Ratings Changes

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

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.