Brave Asset Management Inc. Acquires Shares of 1,750 Whirlpool Co. (NYSE:WHR)

Brave Asset Management Inc. bought a new position in Whirlpool Co. (NYSE:WHR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,750 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds also recently bought and sold shares of the business. Westside Investment Management Inc. boosted its stake in Whirlpool by 4.5% during the third quarter. Westside Investment Management Inc. now owns 2,345 shares of the company’s stock worth $251,000 after acquiring an additional 100 shares in the last quarter. Courier Capital LLC increased its position in Whirlpool by 0.4% during the 4th quarter. Courier Capital LLC now owns 26,354 shares of the company’s stock valued at $3,017,000 after buying an additional 107 shares in the last quarter. Rockland Trust Co. increased its position in Whirlpool by 1.4% during the 4th quarter. Rockland Trust Co. now owns 8,311 shares of the company’s stock valued at $951,000 after buying an additional 118 shares in the last quarter. Tidal Investments LLC raised its stake in Whirlpool by 4.2% during the third quarter. Tidal Investments LLC now owns 3,151 shares of the company’s stock valued at $337,000 after buying an additional 128 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in shares of Whirlpool by 6.4% in the third quarter. Sigma Planning Corp now owns 2,170 shares of the company’s stock worth $232,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank of Canada decreased their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. Bank of America boosted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lifted their target price on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, StockNews.com cut Whirlpool from a “hold” rating to a “sell” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.80.

Insider Buying and Selling

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the transaction, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at $4,343,233.60. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.05% of the stock is currently owned by company insiders.

Whirlpool Stock Performance

NYSE:WHR opened at $129.66 on Thursday. The stock has a 50-day moving average price of $115.26 and a 200 day moving average price of $106.43. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $130.39. The stock has a market capitalization of $7.15 billion, a P/E ratio of 12.79 and a beta of 1.44.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, beating the consensus estimate of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The business’s revenue was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.45 EPS. Equities research analysts forecast that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

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.