Old North State Wealth Management LLC Takes Position in Whirlpool Co. (NYSE:WHR)

Old North State Wealth Management LLC purchased a new position in Whirlpool Co. (NYSE:WHR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,810 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds have also recently added to or reduced their stakes in WHR. Brown Lisle Cummings Inc. acquired a new position in shares of Whirlpool in the 4th quarter worth approximately $27,000. GAMMA Investing LLC grew its position in Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after acquiring an additional 210 shares during the period. Legend Financial Advisors Inc. bought a new position in shares of Whirlpool during the fourth quarter valued at $34,000. HHM Wealth Advisors LLC boosted its stake in shares of Whirlpool by 216.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 316 shares of the company’s stock valued at $36,000 after purchasing an additional 216 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Whirlpool by 56.4% in the 4th quarter. UMB Bank n.a. now owns 319 shares of the company’s stock worth $37,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Trading Up 1.3 %

WHR stock opened at $100.52 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $135.49. The company has a market cap of $5.54 billion, a P/E ratio of -17.15 and a beta of 1.43. The business has a fifty day moving average of $118.66 and a 200-day moving average of $108.27.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same quarter in the prior year, the firm posted $3.85 EPS. As a group, equities research analysts expect that Whirlpool Co. will post 12.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted 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. StockNews.com raised Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Bank of America lifted their price objective on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their target price on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada cut their price target on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.80.

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.