Whirlpool Co. (WHR) Shares Sold by Martingale Asset Management L P
Martingale Asset Management L P trimmed its holdings in Whirlpool Co. (NYSE:WHR) by 30.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,118 shares of the company’s stock after selling 5,794 shares during the quarter. Martingale Asset Management L P’s holdings in Whirlpool were worth $2,213,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. NuWave Investment Management LLC purchased a new stake in Whirlpool in the fourth quarter valued at approximately $101,000. Valeo Financial Advisors LLC purchased a new stake in Whirlpool in the third quarter valued at approximately $129,000. Cerebellum GP LLC purchased a new stake in Whirlpool in the fourth quarter valued at approximately $128,000. Clear Perspective Advisors LLC lifted its stake in Whirlpool by 74.6% in the fourth quarter. Clear Perspective Advisors LLC now owns 1,170 shares of the company’s stock valued at $197,000 after buying an additional 500 shares during the last quarter. Finally, BKS Advisors LLC purchased a new stake in Whirlpool in the third quarter valued at approximately $217,000. 90.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Whirlpool Co. (NYSE WHR) opened at $158.65 on Friday. Whirlpool Co. has a 52 week low of $156.37 and a 52 week high of $202.99. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $11,214.65, a P/E ratio of 11.51, a PEG ratio of 0.86 and a beta of 1.84.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, March 1st. Whirlpool’s dividend payout ratio (DPR) is presently 96.49%.
A number of equities research analysts have weighed in on WHR shares. ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. UBS Group upgraded Whirlpool from a “market perform” rating to an “outperform” rating in a research note on Friday, January 26th. Raymond James Financial upgraded Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Friday, January 26th. Finally, Royal Bank of Canada boosted their price objective on Whirlpool to $200.00 and gave the company an “in-line” rating in a research note on Monday, January 29th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $189.40.
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Whirlpool Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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