Legend Financial Advisors Inc. Acquires Shares of 300 Whirlpool Co. (NYSE:WHR)

Legend Financial Advisors Inc. acquired a new stake in Whirlpool Co. (NYSE:WHR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 300 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors also recently bought and sold shares of the company. 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 valued at $47,099,000 after buying an additional 6,049 shares during the period. HighTower Advisors LLC increased its stake in Whirlpool by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company’s stock valued at $110,567,000 after buying an additional 18,936 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of 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 purchasing an additional 258,871 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Whirlpool by 41.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company’s stock worth $4,421,000 after purchasing an additional 12,697 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Whirlpool by 1.0% during the 3rd quarter. State Street Corp now owns 1,650,386 shares of the company’s stock worth $176,591,000 after purchasing an additional 15,752 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Whirlpool

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

Whirlpool Price Performance

Shares of Whirlpool stock traded down $1.25 on Tuesday, hitting $113.64. The company’s stock had a trading volume of 560,970 shares, compared to its average volume of 581,091. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $126.30. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The firm has a fifty day moving average price of $113.21 and a 200-day moving average price of $105.34. The company has a market capitalization of $6.27 billion, a P/E ratio of 11.21 and a beta of 1.44.

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

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Friday, November 15th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend was Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

Analysts Set New Price Targets

WHR has been the topic of several research analyst reports. Bank of America boosted their target price on shares of 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 decreased their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.50.

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.