Cambridge Investment Research Advisors Inc. Acquires 15,737 Shares of Whirlpool Co. (NYSE:WHR)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 169.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 25,040 shares of the company’s stock after buying an additional 15,737 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Whirlpool were worth $2,559,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC increased its holdings in shares of Whirlpool by 5.9% during the 4th quarter. V Square Quantitative Management LLC now owns 1,786 shares of the company’s stock valued at $217,000 after acquiring an additional 100 shares during the last quarter. Applied Finance Capital Management LLC lifted its stake in shares of Whirlpool by 5.8% in the fourth quarter. Applied Finance Capital Management LLC now owns 2,296 shares of the company’s stock worth $280,000 after buying an additional 125 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Whirlpool by 2.6% in the first quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock worth $599,000 after buying an additional 125 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in shares of Whirlpool by 5.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 2,544 shares of the company’s stock worth $310,000 after buying an additional 139 shares during the period. Finally, Greenleaf Trust grew its stake in Whirlpool by 8.1% in the 1st quarter. Greenleaf Trust now owns 1,880 shares of the company’s stock valued at $225,000 after buying an additional 141 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WHR has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 target price for the company. Royal Bank of Canada cut their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $103.75.

Whirlpool Stock Down 2.1 %

Shares of WHR opened at $100.29 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The company has a 50-day simple moving average of $100.14 and a 200-day simple moving average of $100.98. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $142.52. The firm has a market capitalization of $5.50 billion, a P/E ratio of 13.81 and a beta of 1.44.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, meeting the consensus estimate of $2.39. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the firm posted $4.21 EPS. The company’s revenue for the quarter was down 16.8% on a year-over-year basis. On average, equities research analysts expect that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Friday, August 30th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a yield of 6.98%. 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.