Western Digital Corporation (WDC) Shares Sold by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK decreased its position in Western Digital Corporation (NASDAQ:WDC) by 45.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188,564 shares of the data storage provider’s stock after selling 158,003 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Western Digital Corporation were worth $12,813,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WDC. Neuberger Berman Group LLC boosted its stake in Western Digital Corporation by 103.1% in the second quarter. Neuberger Berman Group LLC now owns 3,393,531 shares of the data storage provider’s stock worth $160,379,000 after buying an additional 1,722,928 shares during the last quarter. Iridian Asset Management LLC CT boosted its stake in Western Digital Corporation by 13,964.1% in the fourth quarter. Iridian Asset Management LLC CT now owns 1,611,046 shares of the data storage provider’s stock worth $109,471,000 after buying an additional 1,599,591 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new stake in Western Digital Corporation during the third quarter worth about $77,016,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Western Digital Corporation by 926.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,185,315 shares of the data storage provider’s stock worth $69,305,000 after buying an additional 1,069,889 shares during the last quarter. Finally, Capital Growth Management LP acquired a new stake in Western Digital Corporation during the third quarter worth about $58,938,000. 88.22% of the stock is owned by institutional investors and hedge funds.

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

Shares of Western Digital Corporation (NASDAQ:WDC) traded down 2.78% during trading on Tuesday, reaching $76.29. The company’s stock had a trading volume of 1,529,544 shares. The stock’s 50 day moving average price is $74.36 and its 200-day moving average price is $60.21. The stock’s market cap is $21.98 billion. Western Digital Corporation has a 52-week low of $34.99 and a 52-week high of $81.67.

Western Digital Corporation (NASDAQ:WDC) last announced its quarterly earnings data on Wednesday, January 25th. The data storage provider reported $2.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.18. The business earned $4.89 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Western Digital Corporation had a positive return on equity of 13.38% and a negative net margin of 2.56%. The firm’s quarterly revenue was up 47.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. Equities analysts anticipate that Western Digital Corporation will post $8.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, March 29th. Western Digital Corporation’s payout ratio is -133.33%.

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WDC has been the subject of several research reports. Cowen and Company set a $70.00 price target on shares of Western Digital Corporation and gave the stock a “buy” rating in a research note on Monday, December 5th. Zacks Investment Research raised shares of Western Digital Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Wednesday, October 19th. Vetr cut shares of Western Digital Corporation from a “strong-buy” rating to a “buy” rating and set a $67.67 price target for the company. in a research note on Monday, November 21st. Bank of America Corporation raised shares of Western Digital Corporation from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $59.00 to $56.52 in a research note on Thursday, October 27th. Finally, Maxim Group decreased their price target on shares of Western Digital Corporation from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. Seven analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Western Digital Corporation presently has a consensus rating of “Buy” and an average price target of $81.46.

In other Western Digital Corporation news, CEO Stephen D. Milligan sold 68,419 shares of Western Digital Corporation stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $77.04, for a total value of $5,270,999.76. Following the completion of the sale, the chief executive officer now owns 120,866 shares of the company’s stock, valued at approximately $9,311,516.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Cordano sold 5,896 shares of Western Digital Corporation stock in a transaction on Monday, February 6th. The stock was sold at an average price of $79.00, for a total value of $465,784.00. Following the completion of the sale, the insider now directly owns 61,767 shares of the company’s stock, valued at approximately $4,879,593. The disclosure for this sale can be found here. Insiders have sold 229,098 shares of company stock valued at $16,230,517 in the last quarter. 0.46% of the stock is owned by company insiders.

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).

5 Day Chart for NASDAQ:WDC

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