Spire Wealth Management holds a $37,000 position in Whirlpool Co. (NYSE:WHR)

Spire Wealth Management reduced its position in Whirlpool Co. (NYSE: WHRGet a rating) by 63.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 215 shares of the company after selling 374 shares during the period. Spire Wealth Management’s holdings in Whirlpool were worth $37,000 when it last filed with the SEC.

Other large investors have also recently increased or reduced their stake in the company. Ellevest Inc. increased its stake in Whirlpool by 1,020.0% in the fourth quarter. Ellevest Inc. now owns 112 shares of the company worth $26,000 after buying 102 more shares in the last quarter. Bivin & Associates Inc. acquired a new position in Whirlpool in the fourth quarter worth approximately $33,000. Concord Wealth Partners acquired a new position in Whirlpool during the fourth quarter worth approximately $34,000. Alpha Paradigm Partners LLC acquired a new position in Whirlpool during the fourth quarter worth approximately $38,000. Finally, NuWave Investment Management LLC acquired a new position in Whirlpool during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors hold 97.80% of the company’s shares.

Several equity analysts have commented on WHR shares. StockNews.com began covering Whirlpool in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Cfra downgraded Whirlpool to a “sell” rating and set a price target of $180.00 for the stock. in a report on Friday, April 8. Goldman Sachs Group lowered its price target on Whirlpool from $235.00 to $202.00 and set a “buy” rating on the stock in a Thursday, June 23 report. Credit Suisse Group assumed coverage for Whirlpool in a report on Tuesday, April 5. They set a “neutral” rating and a price target of $180.00 on the stock. Finally, JPMorgan Chase & Co. cut its price target on Whirlpool from $221.00 to $205.00 and set an “overweight” rating for the company in a Wednesday, April 20 research report. Two research analysts have assigned the stock a sell rating, three have assigned a hold rating and two have assigned the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $200.33.

WHR opened at $160.81 on Friday. Whirlpool Co. has a 1-year minimum of $145.93 and a 1-year maximum of $245.44. The company has a current ratio of 1.08, a quick ratio of 0.70 and a debt ratio of 0.98. The stock has a market capitalization of $9.04 billion, a price/earnings ratio of 5.98, a P/E/G ratio of 1.19 and a beta of 1.56. The company has a 50-day moving average of $171.05 and a 200-day moving average of $189.35.

Hot tub (NYSE: WHRGet a rating) last released its quarterly earnings data on Monday, April 25. The company reported earnings per share of $5.31 for the quarter, beating the consensus estimate of $4.90 by $0.41. The company posted revenue of $4.92 billion in the quarter, compared to $5.30 billion expected by analysts. Whirlpool had a return on equity of 30.56% and a net margin of 7.72%. Whirlpool’s revenue for the quarter was down 8.2% from the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $7.20. Stock analysts predict that Whirlpool Co. will post EPS of 24.86 for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Friday, May 20 received a dividend of $1.75. The ex-dividend date was Thursday, May 19. This represents an annualized dividend of $7.00 and a yield of 4.35%. Whirlpool’s dividend payout ratio (DPR) is currently 26.03%.

Hot Tub Profile (Get a rating)

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The Company’s main products include refrigerators, freezers, ice makers and refrigerator water filters; laundry apparatus and related laundry accessories; kitchen and other small appliances; and dishwashers and related accessories, as well as mixers.

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Want to see what other hedge funds hold WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Co. (NYSE: WHRGet a rating).

Institutional ownership by quarter for Whirlpool (NYSE:WHR)

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