Stephens Inc. AR Raises Stock Position in Whirlpool Co. (NYSE:WHR)

Stephens Inc. AR raised its stake in Whirlpool Co. (NYSE:WHR – Get Rating) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,888 shares of the company’s stock after buying an additional 157 shares during the period. Stephens Inc. AR’s holdings in Whirlpool were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Whirlpool by 3.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,719 shares of the company’s stock valued at $266,000 after buying an additional 60 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Whirlpool by 30.4% in the second quarter. Geneos Wealth Management Inc. now owns 266 shares of the company’s stock valued at $41,000 after buying an additional 62 shares in the last quarter. Rowland & Co. Investment Counsel ADV increased its stake in shares of Whirlpool by 3.3% during the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 2,210 shares of the company’s stock worth $298,000 after purchasing an additional 70 shares in the last quarter. Empirical Finance LLC increased its stake in shares of Whirlpool by 2.3% during the 2nd quarter. Empirical Finance LLC now owns 3,452 shares of the company’s stock worth $535,000 after purchasing an additional 77 shares in the last quarter. Finally, Coastline Trust Co increased its stake in shares of Whirlpool by 1.1% during the 2nd quarter. Coastline Trust Co now owns 7,610 shares of the company’s stock worth $1,178,000 after purchasing an additional 80 shares in the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Up 0.4 %

Shares of WHR opened at $152.73 on Wednesday. The firm has a market cap of $8.32 billion, a PE ratio of 24.59 and a beta of 1.50. The company’s fifty day moving average is $146.52 and its two-hundred day moving average is $150.39. Whirlpool Co. has a fifty-two week low of $124.43 and a fifty-two week high of $214.10. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 1.09.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Whirlpool in a research note on Wednesday, October 12th. They set a “hold” rating for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $160.00 price objective on shares of Whirlpool in a research note on Thursday, November 17th. Bank of America lowered shares of Whirlpool from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $155.00 to $119.00 in a research report on Wednesday, October 26th. JPMorgan Chase & Co. decreased their target price on shares of Whirlpool from $145.00 to $137.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 20th. Finally, Credit Suisse Group decreased their target price on shares of Whirlpool to $157.00 in a research report on Thursday, October 20th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $158.00.

About Whirlpool

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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 principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.