S&t Bankpa buys $19,047,540 stake in Western Digital Corp (WDC)

Western Digital Corp (WDC) : S&t Bankpa scooped up 193,506 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 10, 2016. The investment management firm now holds a total of 429,870 shares of Western Digital Corp which is valued at $19,047,540.Western Digital Corp makes up approximately 2.99% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in WDC by selling 3,294 shares or 29.23% in the most recent quarter. The Hedge Fund company now holds 7,975 shares of WDC which is valued at $353,372. Western Digital Corp makes up approx 0.04% of First Mercantile Trust Co’s portfolio. Hilltop Park Associates added WDC to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $438,900. Western Digital Corp makes up approx 6.16% of Hilltop Park Associates’s portfolio. Hap Trading added WDC to its portfolio by purchasing 35,297 company shares during the most recent quarter which is valued at $1,603,190. Western Digital Corp makes up approx 0.14% of Hap Trading’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta… sold out all of its stake in WDC during the most recent quarter. The investment firm sold 27,236 shares of WDC which is valued $1,219,628. Fox Run Management L.l.c. added WDC to its portfolio by purchasing 13,700 company shares during the most recent quarter which is valued at $710,619. Western Digital Corp makes up approx 0.33% of Fox Run Management L.l.c.’s portfolio.

Western Digital Corp opened for trading at $45.64 and hit $47.2867 on the upside on Friday, eventually ending the session at $46.6, with a gain of 1.72% or 0.79 points. The heightened volatility saw the trading volume jump to 39,07,337 shares. Company has a market cap of $10,858 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 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 .Company shares were Upgraded by Robert W. Baird on Jul 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $50 .

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 Company’s 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 Company’s products are marketed under the HGST WD and G-Technology brand names.

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