Economy

Western Digital Corporation (WDC) Given Coverage Optimism Score of 0.23

Ameriprise Financial Inc. now owns 4,443,866 shares of the data storage provider's stock valued at $393,778,000 after buying an additional 405,293 shares during the period. To measure price-variation, we found WDC's volatility during a week at 2.83% and during a month it has been found around 2.21%. Indiana-based Spectrum Mngmt Grp has invested 0.74% in Western Digital Corp (NASDAQ:WDC).

The company is up by 3.35%% since yesterday's close of 85.79. Ims Capital Mngmt has invested 0.59% of its portfolio in Western Digital Corp (NASDAQ:WDC). Cambria Investment Management L.P. now owns 6,968 shares of the data storage provider's stock valued at $575,000 after acquiring an additional 3,259 shares during the last quarter. Amica Retiree Medical Trust boosted its stake in shares of Western Digital Corp.by 28.9% in the second quarter. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. Raymond James Financial Services Advisors, Inc. augmented its ownership by buying 12,839 shares an increase of 39.6% in the quarter. It increased, as 41 investors sold WDC shares while 243 reduced holdings. Sitrin Capital Management LLC purchased a new position in Western Digital Corporation in the third quarter worth approximately $3,759,000. Western Digital Corporation earned a news impact score of 0.23 on Accern's scale. Institutional investors and hedge funds own 82.72% of the company's stock. Wells Fargo Mn has invested 0.08% in Western Digital Corp (NASDAQ:WDC). Western Digital Corporation has a 1-year low of $54.26 and a 1-year high of $95.77. WDC's latest closing price was 3.00% away from the average price of 200 days while it maintained a distance of 0.21% from the 50 Day Moving Average and 1.49% away compared to its SMA 20. The company has a market cap of $25.69 billion, a P/E ratio of 65.01 and a beta of 1.24. Western Digital Corporation (WDC) has an operating margin of 10.20%. (NASDAQ:AMGN) has risen 5.27% since October 31, 2016 and is uptrending. The Altavista Wealth Management Inc holds 43,653 shares with $6.29 million value, down from 46,152 last quarter. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.13 billion.

Western Digital Corporation (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, October 26th. The company's revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Western Digital Corporation will post $12.42 earnings per share for the current fiscal year. Additionally Western Digital Corporation recently announced a dividend paid on Monday October 16th, 2017. The firm earned "Outperform" rating on Wednesday, April 27 by RBC Capital Markets. Western Digital Corp.'s payout ratio is now -162.60%. It is without change, as 29 investors sold Pinnacle Foods Inc shares while 106 reduced holdings. only 53 funds opened positions while 97 raised stakes. On October 27 Citigroup made no change to the company rating of "Buy" but moved up the price target from $70.00 to $115.00. The stock of Western Digital Corp (NASDAQ:WDC) has "Buy" rating given on Friday, May 27 by Jefferies.

Western Digital Corporation (NASDAQ:WDC) displayed a change of 1.59% after which it closed the day' session at $12.45. FBR & Co raised their price target on Western Digital Corp. from $50.00 to $55.00 and gave the company a "sector perform" rating in a report on Wednesday, September 7th. The stock of Western Digital Corp (NASDAQ:WDC) has "Buy" rating given on Tuesday, September 13 by Longbow. Vetr lowered shares of Western Digital Corporation from a strong-buy rating to a buy rating and set a $93.86 price objective on the stock.in a research note on Tuesday, October 10th. RBC Capital Markets maintained it with "Buy" rating and $6700 target in Tuesday, July 25 report. Pres WD Capital, CSO & CFO Mark P. Long disclosed the sale of 1,517 shares of WDC stock.

In the transaction dated August 18, 2017, the great number of shares disposed came courtesy the EVP Silicon Operations; Bhatia Manish H disposed a total of 20,130 shares at an average price of $82.38, amounting to approximately $1,658,309. Following the completion of the sale, the insider now owns 86,939 shares of the company's stock, valued at $7,618,464.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Cordano sold 9,404 shares of the company's stock in a transaction on Monday, September 18th. In a transaction dated August 23, 2017, the shares were put up for sale at an average price of $88.49, raking in a sum of $134,239. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.



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