Institutional investors now have $20.21 billion stake in Western Digital Corporation (WDC)

Point72 Asia Hong Kong Ltd bought a new stake in shares of Western Digital during the first quarter valued at about $263,000. Hourglass Capital LLC now owns 3,800 shares of the data storage provider's stock worth $351,000 after buying an additional 800 shares in the last quarter. Bank of Montreal Can raised its stake in Western Digital by 267.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Western Digital by 1.6% in the 4th quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Western Digital during the 4th quarter worth $149,000. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value.

Several other large investors have also recently modified their holdings of WDC. Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share. ValuEngine cut Western Digital from a "hold" rating to a "sell" rating in a research note on Wednesday, May 2nd.

After JPMorgan's $120.0 target price was shared with investors and clients on Monday morning, the company has started coverage of the Western Digital (WDC)'s stock. Citigroup maintained Western Digital Corporation (NASDAQ:WDC) on Thursday, March 24 with "Buy" rating. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. BidaskClub lowered shares of Western Digital from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 26th. 7,026 shares were sold by LONG MARK P, worth $693,064 on Friday, March 9.

Over the past 50 days, Western Digital Corporation stock was -22.73% off of the high and 8.81% removed from the low.

In the liquidity ratio analysis; current ratio was 2.4 while Total Debt/Equity ratio was 0.99. The company has a market capitalization of $23.58 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.31 and a beta of 1.04.

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Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on July, 26. The data storage provider reported $3.63 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $0.32. The Western Digital Corporation has 298.00M shares outstanding with 0.3% insider ownership. The company had a trading volume of 5,902,137 shares, compared to its average volume of 4,094,889. After $3.36 actual EPS reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts -5.06 % negative EPS growth. Western Digital's quarterly revenue was up 7.8% compared to the same quarter last year. equities research analysts expect that Western Digital will post 13.39 EPS for the current year.

The company also noted that NAND supply could be constrained relative to demand in 2H18 after the industry stabilizes this quarter. Stockholders of record on Friday, June 29th will be paid a $0.50 dividend. The term earnings per share (EPS) represents the portion of a company's earnings, net of taxes and preferred stock dividends, that is allocated to each share of common stock. The ex-dividend date is Thursday, June 28th.

On 11/3/2016 NASDAQ:WDC - Western Digital announced a quarterly dividend of $0.50 3.64% with an ex dividend date of 12/28/2016 which will be payable on 1/17/2017.

On 3/12/2018 Stephen D Milligan, CEO, sold 53,264 with an average share price of $100.12 per share and the total transaction amounting to $5,332,791.68. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Charles Ray sold 1,208 shares of the business's stock in a transaction on Friday, February 23rd. (HMNY) shares have been seen trading -98.24% off its 52 week- peak value and changed 24.00% from its 52 week-bottom price value. Following the completion of the transaction, the chief financial officer now directly owns 211,817 shares of the company's stock, valued at approximately $20,893,628.88. The disclosure for this sale can be found here. The stock has performed 3.31% over the last seven days, -9.80% over the last thirty, and -1.48% over the last three months.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. The firm presently has a "buy" rating on the data storage provider's stock.

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