Western Digital Corp (WDC) : Black Maple Capital Management Lp scooped up 9,190 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 15, 2016. The investment management firm now holds a total of 16,351 shares of Western Digital Corp which is valued at $724,513.Western Digital Corp makes up approximately 1.86% of Black Maple Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Magnetar Financial sold out all of its stake in WDC during the most recent quarter. The investment firm sold 551,268 shares of WDC which is valued $24,426,685. Lord Abbett added WDC to its portfolio by purchasing 29,016 company shares during the most recent quarter which is valued at $1,285,699.Mitsubishi Ufj Kokusai Asset Management Ltd. reduced its stake in WDC by selling 6,426 shares or 13.28% in the most recent quarter. The Hedge Fund company now holds 41,976 shares of WDC which is valued at $1,879,685. Western Digital Corp makes up approx 0.05% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Fort Pitt Capital Group reduced its stake in WDC by selling 544 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 113,042 shares of WDC which is valued at $5,062,021. Western Digital Corp makes up approx 0.60% of Fort Pitt Capital Group’s portfolio.Tillar-wenstrup Advisors reduced its stake in WDC by selling 4,847 shares or 12.39% in the most recent quarter. The Hedge Fund company now holds 34,259 shares of WDC which is valued at $1,830,801. Western Digital Corp makes up approx 1.74% of Tillar-wenstrup Advisors’s portfolio.
Western Digital Corp closed down -0.35 points or -0.75% at $46.32 with 30,15,138 shares getting traded on Thursday. Post opening the session at $46.67, the shares hit an intraday low of $45.702 and an intraday high of $47.0799 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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. Company shares were Reiterated by Cowen on Sep 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $55 .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 .
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.