Royal Bank of Canada Has $59.33 Million Stake in Whirlpool Co. (NYSE:WHR)

Royal Bank of Canada boosted its stake in Whirlpool Co. (NYSE:WHR) by 0.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,270 shares of the company’s stock after buying an additional 160 shares during the quarter. Royal Bank of Canada owned approximately 0.94% of Whirlpool worth $59,331,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Whirlpool by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,536,118 shares of the company’s stock valued at $633,775,000 after buying an additional 33,326 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Whirlpool by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company’s stock worth $242,470,000 after purchasing an additional 98,444 shares in the last quarter. FMR LLC boosted its stake in Whirlpool by 57.3% in the fourth quarter. FMR LLC now owns 1,808,744 shares of the company’s stock worth $207,065,000 after purchasing an additional 659,014 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Whirlpool by 19.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,215 shares of the company’s stock worth $157,205,000 after purchasing an additional 224,990 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Whirlpool by 19.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company’s stock worth $138,377,000 after purchasing an additional 199,663 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analysts Set New Price Targets

WHR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. StockNews.com lowered Whirlpool from a “hold” rating to a “sell” rating in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.00.

Whirlpool Trading Down 0.2%

NYSE WHR opened at $82.03 on Wednesday. The stock has a 50-day simple moving average of $83.59 and a 200 day simple moving average of $101.92. The company has a market capitalization of $4.56 billion, a PE ratio of -14.00 and a beta of 1.20. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. Whirlpool Co. has a 12 month low of $73.72 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.67 billion. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. The firm’s revenue was down 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. Research analysts forecast that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 8.53%. Whirlpool’s dividend payout ratio is presently 5,000.00%.

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.