IVC Wealth Advisors LLC Acquires Shares of 2,062 Whirlpool Co. (NYSE:WHR)

IVC Wealth Advisors LLC purchased a new position in shares of Whirlpool Co. (NYSE:WHR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,062 shares of the company’s stock, valued at approximately $236,000.

Several other large investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in shares of Whirlpool by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 69,786 shares of the company’s stock valued at $7,132,000 after buying an additional 3,584 shares during the period. Hsbc Holdings PLC boosted its position in shares of Whirlpool by 16.0% during the second quarter. Hsbc Holdings PLC now owns 10,756 shares of the company’s stock worth $1,099,000 after purchasing an additional 1,487 shares in the last quarter. Sei Investments Co. grew its stake in Whirlpool by 7.8% in the second quarter. Sei Investments Co. now owns 44,793 shares of the company’s stock valued at $4,578,000 after acquiring an additional 3,225 shares during the period. EverSource Wealth Advisors LLC increased its stake in Whirlpool by 1,010.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after purchasing an additional 384 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Whirlpool by 240.9% during the second quarter. AQR Capital Management LLC now owns 375,613 shares of the company’s stock worth $38,125,000 after acquiring an additional 265,418 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WHR shares. The Goldman Sachs Group upped their price objective on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Bank of America lifted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Royal Bank of Canada decreased their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $112.80.

Insider Activity

In related news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the transaction, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.05% of the stock is owned by corporate insiders.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $132.79 on Friday. The company has a 50 day moving average of $117.19 and a 200-day moving average of $107.46. The company has a market cap of $7.32 billion, a PE ratio of 13.10 and a beta of 1.44. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $134.54. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.44. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same period last year, the company posted $5.45 EPS. As a group, equities research analysts forecast that Whirlpool Co. will post 12.31 earnings per share for the current fiscal year.

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.