National Asset Management Inc. Sells 700 Shares of Western Digital Corporation (WDC)

National Asset Management Inc. lessened its stake in Western Digital Corporation (NASDAQ:WDC) by 18.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,164 shares of the data storage provider’s stock after selling 700 shares during the quarter. National Asset Management Inc.’s holdings in Western Digital Corporation were worth $281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group lifted its stake in Western Digital Corporation by 229.9% during the first quarter. Schroder Investment Management Group now owns 3,731 shares of the data storage provider’s stock worth $313,000 after purchasing an additional 2,600 shares during the last quarter. Stephens Inc. AR lifted its stake in Western Digital Corporation by 52.9% during the first quarter. Stephens Inc. AR now owns 32,044 shares of the data storage provider’s stock worth $2,645,000 after purchasing an additional 11,093 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Western Digital Corporation by 78.1% during the first quarter. WINTON GROUP Ltd now owns 157,962 shares of the data storage provider’s stock worth $9,236,000 after purchasing an additional 69,271 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Western Digital Corporation by 33.1% during the first quarter. PNC Financial Services Group Inc. now owns 45,983 shares of the data storage provider’s stock worth $3,796,000 after purchasing an additional 11,437 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Western Digital Corporation by 26.7% during the first quarter. SRS Capital Advisors Inc. now owns 1,453 shares of the data storage provider’s stock worth $119,000 after purchasing an additional 306 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

In other Western Digital Corporation news, EVP Jacqueline Demaria sold 14,358 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $84.53, for a total value of $1,213,681.74. Following the completion of the sale, the executive vice president now owns 75,772 shares of the company’s stock, valued at $6,405,007.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark P. Long sold 28,585 shares of Western Digital Corporation stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $94.24, for a total value of $2,693,850.40. Following the completion of the transaction, the insider now owns 53,551 shares in the company, valued at $5,046,646.24. The disclosure for this sale can be found here. Insiders sold 128,246 shares of company stock valued at $11,323,928 in the last ninety days. Insiders own 0.31% of the company’s stock.

Shares of Western Digital Corporation (NASDAQ:WDC) traded down 0.77% during midday trading on Monday, reaching $87.12. The company’s stock had a trading volume of 351,043 shares. The stock has a market capitalization of $25.69 billion, a PE ratio of 65.01 and a beta of 1.24. Western Digital Corporation has a 52 week low of $52.10 and a 52 week high of $95.77. The stock has a 50-day moving average price of $87.05 and a 200 day moving average price of $87.55.

Western Digital Corporation (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, July 27th. The data storage provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.42. Western Digital Corporation had a return on equity of 21.23% and a net margin of 2.08%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 38.5% compared to the same quarter last year. Equities analysts forecast that Western Digital Corporation will post $12.40 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. Western Digital Corporation’s dividend payout ratio is currently 156.25%.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2017/10/16/national-asset-management-inc-sells-700-shares-of-western-digital-corporation-wdc.html.

Several research firms recently weighed in on WDC. Summit Redstone restated a “buy” rating on shares of Western Digital Corporation in a research note on Saturday, July 22nd. Loop Capital began coverage on Western Digital Corporation in a research note on Monday, July 24th. They set a “buy” rating and a $140.00 target price for the company. BTIG Research restated a “buy” rating and set a $120.00 target price on shares of Western Digital Corporation in a research note on Friday, July 14th. Mizuho restated a “buy” rating and set a $105.00 target price on shares of Western Digital Corporation in a research note on Monday, July 17th. Finally, Vetr cut Western Digital Corporation from a “strong-buy” rating to a “buy” rating and set a $102.77 target price for the company. in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $111.35.

About Western Digital Corporation

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).

Want to see what other hedge funds are holding WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corporation (NASDAQ:WDC).

Institutional Ownership by Quarter for Western Digital Corporation (NASDAQ:WDC)

What are top analysts saying about Western Digital Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Western Digital Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit