Western Digital Corp (WDC) : Seizert Capital Partners scooped up 242,807 additional shares in Western Digital Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,084,111 shares of Western Digital Corp which is valued at $92,346,958.Western Digital Corp makes up approximately 3.30% of Seizert Capital Partners’s portfolio.
Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in WDC by selling 154,424 shares or 28.26% in the most recent quarter. The Hedge Fund company now holds 391,996 shares of WDC which is valued at $17,369,343. Western Digital Corp makes up approx 0.07% of Canada Pension Plan Investment Board’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in WDC by selling 587,556 shares or 7.52% in the most recent quarter. The Hedge Fund company now holds 7,225,832 shares of WDC which is valued at $320,176,616. Western Digital Corp makes up approx 0.05% of Blackrock Institutional Trust Company N.a.’s portfolio. First Eagle Investment Management added WDC to its portfolio by purchasing 60,500 company shares during the most recent quarter which is valued at $2,655,345. Western Digital Corp makes up approx 0.01% of First Eagle Investment Management’s portfolio.Dimensional Fund Advisors Lp boosted its stake in WDC in the latest quarter, The investment management firm added 8,995 additional shares and now holds a total of 1,885,832 shares of Western Digital Corp which is valued at $85,522,481. Western Digital Corp makes up approx 0.05% of Dimensional Fund Advisors Lp’s portfolio. Gilman Hill Asset Management added WDC to its portfolio by purchasing 141,831 company shares during the most recent quarter which is valued at $7,431,944. Western Digital Corp makes up approx 2.95% of Gilman Hill Asset Management’s portfolio.
Western Digital Corp opened for trading at $46.18 and hit $46.7499 on the upside on Tuesday, eventually ending the session at $46.5, with a gain of 0.78% or 0.36 points. The heightened volatility saw the trading volume jump to 31,70,715 shares. Company has a market cap of $10,834 M.
On the company’s financial health, Western Digital Corp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.71. The company had revenue of $3495.00 million for the quarter, compared to analysts expectations of $3446.23 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.
Investors should note that on Aug 3, 2016, Western Digital Corp announced a cash dividend of $0.5000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 17, 2016.
Many Wall Street Analysts have commented on Western Digital Corp. Shares were Reiterated by Mizuho on Aug 25, 2016 to “Buy” and Lowered the Price Target to $ 54 from a previous price target of $56 .Shares were Reiterated by Jefferies on Aug 17, 2016 to “Buy” and Lowered the Price Target to $ 54 from a previous price target of $62 .Shares were Downgraded by Goldman on Aug 3, 2016 to ” Sell” and Lowered the Price Target to $ 38 from a previous price target of $47 .
Western Digital Corporation is a data storage solutions company. The Company is a developer manufacturer and provider of data storage solutions that enable consumers businesses governments and other organizations to create manage experience and preserve digital content. The Companys Technology product includes: Hard Disk Drives and Solid-State Drives. Hard Disk Drives provide non-volatile data storage. Solid-State Drives are semiconductor and non-volatile media. The Company offers solutions including: Enterprise Storage Solutions Client Desktop and Notebook PCs Branded Product Solutions Consumer Electronics Solutions. The Companys products are marketed under the HGST WD and G-Technology brand names.