Economy

Institutional Ownership And Insider Trading At Western Digital Corporation (WDC)

National Registered Advisor has 0.33% invested in Western Digital Corp (NASDAQ:WDC). The ratio also provides a clue to how much investors are paying for what would be left if the company went bankrupt immediately. Over the last week of the month, it was 1.43%, -5.39% over the last quarter, and 3.53% for the past six months.

Company's existing stock price is at 86.71 with a change in price of -2.27%. FNY Partners Fund LP purchased a new stake in Western Digital Corp during the fourth quarter worth approximately $163,000. Federated Incorporated Pa invested 0% of its portfolio in Western Digital Corp (NASDAQ:WDC). Spectrum Management Group Inc. increased its holdings in Western Digital Corporation by 28.8% during the 1st quarter. It worsened, as 96 investors sold Halliburton Company shares while 307 reduced holdings. Western Digital Corp now has $25.44B valuation. In looking the SMA 50 we see that the stock has seen a 4.97% while it has a distance of 6.69% from the 200 days simple moving average. The firm owned 24,060 shares of the data storage provider's stock after buying an additional 2,308 shares during the quarter. Arizona State Retirement System boosted its stake in Western Digital Corporation by 1.0% in the first quarter. The company beat the analyst EPS Estimate with the difference of $0.5. It also demonstrates a stable dividend policy for Western Digital Corporation connected to the long-run, with viable earnings. Analysts review historical return data when trying to predict future returns, or to estimate how a security might react to a particular situation, such as a drop in consumer demand. Ameriprise Financial has an ownership of 4,443,866 stocks of the information storage provider's shares valued at $393,778,000 following purchasing an extra 405,293 shares through out the previous quarter, Lastly, Northern Trust grew its holdings in Western Digital Corporation by 0.5% through out the Fiscal Q2. Fisher Asset Mngmt Limited Liability Corporation owns 0% invested in Halliburton Company (NYSE:HAL) for 5,386 shares. Over the past week, Western Digital Corporation (NASDAQ:WDC) has performed 1.43%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 29th. This represents a $2.00 annualized dividend and a yield of 2.31%. Western Digital Corp's payout ratio is now -133.33%.

A number of equities research analysts recently commented on the stock. The stock has a market capitalization of $25.57 billion, a price-to-earnings ratio of 64.71 and a beta of 1.21.

Evercore Wealth Management Llc decreased Western Digital Corp (WDC) stake by 56.01% reported in 2017Q2 SEC filing. ValuEngine cut Western Digital Corporation from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 1st. The stock of Western Digital Corp (NASDAQ:WDC) has "Buy" rating given on Thursday, October 1 by Argus Research. At recent closing price of $23.4, MTCH has a chance to give up $-1.11 or -4.74% in 52 weeks, based on mean target price ($22.29) placed by analysts.The analyst consensus opinion of 2.1 looks like a hold. The quarterly performance for the stock is 5.86%, while the half-yearly performance is 3.64%. They expect $0.60 earnings per share, up 5.26% or $0.03 from last year's $0.57 per share. The total number of shares traded in the last 90-day period is 528,835.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term. The stock of Western Digital Corp (NASDAQ:WDC) earned "Hold" rating by Summit Redstone Partners on Wednesday, September 13. With 2,500 avg volume, 3 days are for Crystal Rock Holdings (NYSEAMERICAN:CRVP)'s short sellers to cover CRVP's short positions. The disclosure for this sale can be found here. On Monday, June 12 the insider CORDANO MICHAEL D sold $962,385. The stock increased 0.90% or $0.55 on September 28, reaching $61.65.

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. Oak Limited Oh holds 0.25% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 37,395 shares.



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