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Western Digital Corporation (WDC) - How much Insider Stake

30 September 2017

The data storage provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.42. On average, equities research analysts forecast that Western Digital Corporation will post $12.34 EPS for the current fiscal year. Moreover, Opus Capital Group Llc has 0.99% invested in the company for 119,594 shares. Western Digital Corporation (NASDAQ:WDC) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. Arizona State Retirement System now owns 71,313 shares of the data storage provider's stock valued at $5,885,000 after acquiring an additional 700 shares in the last quarter. 3,974,830 stocks of the firms shares transacted hands. Vanguard Group Inc. lifted its stake in Western Digital Corporation by 4.5% in the 1st quarter. Korea Investment CORP now owns 595,049 shares of the data storage provider's stock worth $52,721,000 after buying an additional 76,459 shares during the period. It is positive, as 41 investors sold WDC shares while 243 reduced holdings. Finally, Capital Analysts LLC acquired a new stake in Western Digital Corporation in the second quarter valued at about $2,777,000. The stock has "Buy" rating by Summit Research on Monday, March 28.

Analysts have given a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Brokerage houses, on average, are recommending investors to buy Western Digital Corporation (WDC)'s shares projecting a $117.84 target price.

Evercore Wealth Management Llc decreased Western Digital Corp (WDC) stake by 56.01% reported in 2017Q2 SEC filing. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Western Digital Corporation in a research report on Monday, June 12th. On a number scale from 1 to 5, a 5 would represent a Strong Sell recommendation. "Boosts Holdings in Western Digital Corporation (NASDAQ:WDC)" was published by TrueBlueTribune and is the property of of TrueBlueTribune. Pfizer Inc.'s beta is 0.97 whilst the stock has an average true range (ATR) of 0.46. The stock was sold at an average price of $88.71, for a total transaction of $834,228.84.

Looking at insider trading can give great insight into how Western Digital Corporation (NASDAQ:WDC) is performing. Investors will be getting a good grip in comparing the current earnings of the company to estimated future earnings. This estimate is provided by 22 analysts. $612,625 worth of Western Digital Corp (NASDAQ:WDC) was sold by BHATIA MANISH H on Thursday, May 18. Recently, shares of Western Digital Corporation (NASDAQ:WDC) have been seen trading 4.31% away from the 200-day moving average and -0.64% off the 50-day moving average. Hillsdale Investment Management Inc. now owns 5,610 shares of the data storage provider's stock valued at $463,000 after buying an additional 810 shares in the last quarter.

Western Digital Corporation (NASDAQ:WDC) executive Michael D. Cordano unloaded 9,404 stocks of the firms shares in a trade on early Mon, Sep 18th. The business's revenue was up 38.5% on a year-over-year basis. Investors of record on Friday, September 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 28th. Of those transactions, there were 318,605 shares of WDC bought and 785,374 shares sold. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The shares were sold at an average price of $94.98, for a total value of $470,530.92. Following the completion of the transaction, the chief executive officer now owns 120,866 shares in the company, valued at approximately $9,311,516.64. The disclosure for this sale can be found here. The total amount of shares outstanding is 291.80M, giving the company a market capitalization of about 25.30B. The stock increased 0.90% or $0.55 on September 28, reaching $61.65.

TRADEMARK VIOLATION WARNING: This story was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal.

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.