Arkadios Wealth Advisors Acquires Shares of 17,210 Whirlpool Co. (NYSE:WHR)

Arkadios Wealth Advisors acquired a new stake in shares of Whirlpool Co. (NYSE:WHR) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 17,210 shares of the company’s stock, valued at approximately $1,970,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in shares of Whirlpool by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 69,786 shares of the company’s stock valued at $7,132,000 after buying an additional 3,584 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock valued at $100,304,000 after buying an additional 312,729 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Whirlpool by 16.0% during the second quarter. Hsbc Holdings PLC now owns 10,756 shares of the company’s stock valued at $1,099,000 after buying an additional 1,487 shares during the last quarter. AE Wealth Management LLC bought a new position in shares of Whirlpool during the second quarter valued at approximately $10,418,000. Finally, Sei Investments Co. grew its stake in shares of Whirlpool by 7.8% during the second quarter. Sei Investments Co. now owns 44,793 shares of the company’s stock valued at $4,578,000 after buying an additional 3,225 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO James W. Peters sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the completion of the sale, the chief financial officer now 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 SEC, which is accessible through this hyperlink. Company insiders own 2.05% of the company’s stock.

Whirlpool Stock Up 0.9 %

Whirlpool stock opened at $130.07 on Friday. The business has a fifty day moving average of $116.05 and a two-hundred day moving average of $106.82. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The firm has a market cap of $7.17 billion, a P/E ratio of 12.83 and a beta of 1.44. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $130.85.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. Whirlpool’s revenue was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.45 earnings per share. On average, analysts forecast that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America upped their target price on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Royal Bank of Canada dropped their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. StockNews.com cut Whirlpool from a “hold” rating to a “sell” rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price objective on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Whirlpool has a consensus rating of “Hold” and a consensus price target of $112.80.

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.