First Horizon Advisors Inc. Has $1.14 Million Holdings in Whirlpool Co. (NYSE:WHR)

First Horizon Advisors Inc. cut its holdings in Whirlpool Co. (NYSE:WHR) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,322 shares of the company’s stock after selling 466 shares during the period. First Horizon Advisors Inc.’s holdings in Whirlpool were worth $1,135,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Whirlpool by 3,554.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock worth $168,339,000 after buying an additional 1,344,601 shares during the period. Boston Partners grew its position in shares of Whirlpool by 59.7% in the third quarter. Boston Partners now owns 2,473,047 shares of the company’s stock valued at $328,804,000 after purchasing an additional 924,128 shares during the last quarter. Invesco Ltd. increased its stake in shares of Whirlpool by 38.3% in the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock worth $261,296,000 after purchasing an additional 541,219 shares during the period. Stifel Financial Corp lifted its position in shares of Whirlpool by 689.8% during the 3rd quarter. Stifel Financial Corp now owns 454,303 shares of the company’s stock worth $60,741,000 after purchasing an additional 396,782 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Whirlpool by 339.6% during the 3rd quarter. LPL Financial LLC now owns 132,042 shares of the company’s stock valued at $17,654,000 after purchasing an additional 102,008 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WHR has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Loop Capital initiated coverage on shares of Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective for the company. Royal Bank of Canada decreased their target price on Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research report on Friday, April 26th. Finally, TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $113.40.

Whirlpool Price Performance

NYSE:WHR opened at $95.56 on Friday. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 13.16 and a beta of 1.52. The company has a 50-day moving average of $107.68 and a 200-day moving average of $111.72. Whirlpool Co. has a 52 week low of $91.90 and a 52 week high of $160.62. 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 (NYSE:WHR) last announced 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 35.16%. The firm had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the company earned $2.66 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Whirlpool Co. will post 12.53 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.33%. Whirlpool’s dividend payout ratio is currently 96.42%.

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.