PNC Financial Services Group Inc. Sells 1,712 Shares of Whirlpool Co. (NYSE:WHR)

PNC Financial Services Group Inc. lowered its stake in Whirlpool Co. (NYSE:WHR) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 49,275 shares of the company’s stock after selling 1,712 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Whirlpool were worth $5,641,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. AMG National Trust Bank bought a new stake in Whirlpool in the fourth quarter valued at $1,574,000. LHM Inc. boosted its holdings in Whirlpool by 13.9% in the fourth quarter. LHM Inc. now owns 42,600 shares of the company’s stock valued at $4,877,000 after acquiring an additional 5,185 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Whirlpool in the fourth quarter valued at $34,719,000. Arizona State Retirement System boosted its holdings in Whirlpool by 1.3% in the fourth quarter. Arizona State Retirement System now owns 15,932 shares of the company’s stock valued at $1,824,000 after acquiring an additional 199 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Whirlpool in the fourth quarter valued at $1,953,000. Institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $91.05 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $5.04 billion, a P/E ratio of -15.54 and a beta of 1.44. The business has a fifty day simple moving average of $110.12 and a two-hundred day simple moving average of $108.62. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same period last year, the firm posted $3.85 earnings per share. On average, equities analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Friday, February 28th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 7.69%. The ex-dividend date is Friday, February 28th. Whirlpool’s dividend payout ratio is presently -119.45%.

Analysts Set New Price Targets

WHR has been the topic of several recent analyst reports. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. The Goldman Sachs Group raised their price objective on Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $106.00.

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.