Brave Asset Management Inc. Purchases Shares of 1,750 Whirlpool Co. (NYSE:WHR)

Brave Asset Management Inc. purchased a new stake in Whirlpool Co. (NYSE:WHR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,750 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Whirlpool by 323.1% during the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after purchasing an additional 210 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in Whirlpool in the second quarter worth approximately $32,000. Legend Financial Advisors Inc. acquired a new position in Whirlpool in the fourth quarter valued at approximately $34,000. True Wealth Design LLC boosted its holdings in shares of Whirlpool by 545.5% during the 3rd quarter. True Wealth Design LLC now owns 355 shares of the company’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 384 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WHR has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Royal Bank of Canada reduced their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. StockNews.com lowered Whirlpool from a “hold” rating to a “sell” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group upped their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $112.80.

Insider Activity at Whirlpool

In other news, CFO James W. Peters sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.05% of the stock is owned by insiders.

Whirlpool Stock Up 2.9 %

Shares of NYSE WHR opened at $129.66 on Thursday. The business has a 50-day simple moving average of $115.26 and a two-hundred day simple moving average of $106.43. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $130.39. The company has a market cap of $7.15 billion, a P/E ratio of 12.79 and a beta of 1.44. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping 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 return on equity of 21.41% and a net margin of 3.19%. The firm’s revenue was down 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.45 earnings per share. Research analysts anticipate that Whirlpool Co. will post 12.27 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.