Ethic Inc. Sells 2,657 Shares of Whirlpool Co. (NYSE:WHR)

Ethic Inc. trimmed its stake in shares of Whirlpool Co. (NYSE:WHR) by 42.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,538 shares of the company’s stock after selling 2,657 shares during the quarter. Ethic Inc.’s holdings in Whirlpool were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brown Lisle Cummings Inc. bought a new stake in shares of Whirlpool during the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Whirlpool during the fourth quarter valued at about $30,000. Nemes Rush Group LLC raised its holdings in shares of Whirlpool by 79.1% in the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the last quarter. Bogart Wealth LLC increased its holdings in Whirlpool by 113.6% during the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its position in shares of Whirlpool by 216.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 316 shares of the company’s stock valued at $36,000 after buying an additional 216 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Stock Down 1.0%

WHR opened at $82.76 on Friday. The business’s fifty day simple moving average is $83.90 and its 200 day simple moving average is $102.22. Whirlpool Co. has a 52 week low of $73.72 and a 52 week high of $135.49. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. The stock has a market cap of $4.60 billion, a PE ratio of -14.12 and a beta of 1.20.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.67 by $0.03. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. The firm’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. As a group, research analysts expect that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool’s payout ratio is 5,000.00%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WHR. JPMorgan Chase & Co. dropped their target price on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. StockNews.com cut Whirlpool from a “hold” rating to a “sell” rating in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.00.

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.