Xcel Wealth Management LLC Purchases 1,785 Shares of Whirlpool Co. (NYSE:WHR)

Xcel Wealth Management LLC boosted its position in Whirlpool Co. (NYSE:WHR) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 59,013 shares of the company’s stock after purchasing an additional 1,785 shares during the period. Whirlpool comprises 1.8% of Xcel Wealth Management LLC’s holdings, making the stock its 14th largest position. Xcel Wealth Management LLC owned about 0.11% of Whirlpool worth $6,314,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Venture Visionary Partners LLC raised its position in shares of Whirlpool by 2.0% in the third quarter. Venture Visionary Partners LLC now owns 35,653 shares of the company’s stock valued at $3,815,000 after purchasing an additional 694 shares during the period. Raymond James & Associates lifted its position in Whirlpool by 335.3% during the third quarter. Raymond James & Associates now owns 188,508 shares of the company’s stock worth $20,170,000 after acquiring an additional 145,200 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Whirlpool by 69.1% during the third quarter. Blue Trust Inc. now owns 492 shares of the company’s stock worth $50,000 after acquiring an additional 201 shares during the period. B.O.S.S. Retirement Advisors LLC grew its position in shares of Whirlpool by 7.5% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 10,704 shares of the company’s stock valued at $1,145,000 after purchasing an additional 745 shares during the last quarter. Finally, Viking Fund Management LLC increased its stake in shares of Whirlpool by 66.7% during the third quarter. Viking Fund Management LLC now owns 1,000 shares of the company’s stock worth $107,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WHR. Bank of America initiated coverage on Whirlpool in a report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective on the stock. Royal Bank of Canada decreased their price target on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Whirlpool presently has an average rating of “Hold” and a consensus price target of $103.75.

Whirlpool Price Performance

Shares of NYSE:WHR traded down $2.02 during trading on Tuesday, reaching $102.96. 348,962 shares of the company traded hands, compared to its average volume of 1,187,692. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $130.27. The firm has a market capitalization of $5.65 billion, a PE ratio of 10.86 and a beta of 1.44. The company’s 50 day moving average is $101.34 and its two-hundred day moving average is $98.98.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.39. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.21 earnings per share. As a group, sell-side analysts predict that Whirlpool Co. will post 11.24 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 6.80%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s payout ratio is presently 72.39%.

Insider Buying and Selling at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the transaction, the executive vice president now owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.05% of the company’s stock.

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.