Economy

Zeke Capital Advisors LLC Invests $722000 in Western Digital (WDC)

NASDAQ:WDC - Western Digital (NASDAQ:WDC) has insider ownership of 0.31% and institutional ownership of 85.69%.

A number of research firms have recently commented on WDC. Cerebellum GP LLC purchased a new stake in shares of Western Digital during the fourth quarter valued at $121,000. Acadian Asset Management LLC purchased a new stake in Western Digital in the 4th quarter worth approximately $132,000. Bkd Wealth Advisors Llc has invested 0.2% in Western Digital Corporation (NASDAQ:WDC).

On 2/23/2018 Michael Charles Ray, EVP, sold 1,208 with an average share price of $88.53 per share and the total transaction amounting to $106,944.24. It dived, as 68 investors sold Western Digital Corporation shares while 219 reduced holdings. Finally, Schwab Charles Investment Management Inc. raised its stake in Western Digital by 25.9% during the fourth quarter. Accern also assigned news articles about the data storage provider an impact score of 46.8723581405785 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

In related news, CEO Stephen D. Milligan sold 53,264 shares of the business's stock in a transaction dated Monday, March 12th. In a transaction dated March 12, 2018, the shares were put up for sale at an average price of $100.12, raking in a sum of $5,332,792. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the past twelve months, Western Digital Corporation (NASDAQ:WDC)'s stock was 2.00%.

On 3/9/2018 Mark P Long, CFO, sold 7,026 with an average share price of $98.64 per share and the total transaction amounting to $693,044.64. Following the sale, the executive vice president now owns 103,251 shares in the company, valued at approximately $8,952,894.21. The disclosure for this sale can be found here. The stock presently has an average rating of "Buy" and a consensus price target of $112.38. Guggenheim's target price indicates a potential upside of 61.75% from the stock's previous close. Craig Hallum dropped their price objective on shares of Western Digital from $142.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, January 26th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $105.00 target price on shares of Western Digital in a research note on Thursday, February 22nd.

Wall Street sell-side analysts are projecting Western Digital Corporation (NASDAQ:WDC) to grow at an accelerated rate over the next 5 years. Western Digital has a consensus rating of "Buy" and an average target price of $112.38. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock of Western Digital Corporation (NASDAQ:WDC) earned "Buy" rating by Loop Capital Markets on Wednesday, December 13. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.93 billion. The stock has a market cap of $22,906.19, a PE ratio of 9.78, a P/E/G ratio of 0.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.76 and a current ratio of 2.39.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on July, 26.

Daryanani estimates the buybacks can add five to six cents per share to the current estimate for this quarter's EPS of $3.45. Western Digital had a return on equity of 34.22% and a net margin of 0.98%. During the same quarter in the previous year, the firm earned $2.39 earnings per share. Stockholders of record on Friday, June 29th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.47%.

On 2/1/2017 NASDAQ:WDC - Western Digital announced a quarterly dividend of $0.50 2.53% with an ex dividend date of 3/29/2017 which will be payable on 4/17/2017. The California-based Reilly Advsr Limited Liability Com has invested 0.02% in Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.



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