Western Digital Corp. (NASDAQ:WDC) EVP Michael Charles Ray sold 2,719 shares of the firm’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $58.63, for a total transaction of $159,414.97. Following the transaction, the executive vice president now owns 51,843 shares in the company, valued at approximately $3,039,555.09. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Michael Charles Ray also recently made the following trade(s):
- On Monday, October 3rd, Michael Charles Ray sold 6,183 shares of Western Digital Corp. stock. The shares were sold at an average price of $60.00, for a total transaction of $370,980.00.
Western Digital Corp. (NASDAQ:WDC) opened at 58.69 on Wednesday. The firm has a market cap of $16.68 billion, a PE ratio of 58.69 and a beta of 1.27. Western Digital Corp. has a 12-month low of $34.99 and a 12-month high of $86.39. The stock has a 50 day moving average of $51.56 and a 200 day moving average of $46.98.
Western Digital Corp. (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, July 28th. The data storage provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Western Digital Corp. had a net margin of 1.98% and a return on equity of 12.42%. Western Digital Corp.’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 earnings per share. On average, equities research analysts anticipate that Western Digital Corp. will post $4.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, September 28th. Western Digital Corp.’s dividend payout ratio (DPR) is 158.73%.
Several research analysts recently commented on WDC shares. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 target price on shares of Western Digital Corp. in a report on Sunday, July 31st. Goldman Sachs Group Inc. downgraded shares of Western Digital Corp. from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $47.00 to $38.00 in a report on Wednesday, August 3rd. Vetr downgraded shares of Western Digital Corp. from a “strong-buy” rating to a “buy” rating and set a $51.50 target price on the stock. in a report on Monday, August 22nd. BMO Capital Markets reiterated a “market perform” rating on shares of Western Digital Corp. in a report on Wednesday, June 22nd. Finally, Argus reiterated a “buy” rating and issued a $60.00 target price on shares of Western Digital Corp. in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.32.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. boosted its position in Western Digital Corp. by 84.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,180 shares of the data storage provider’s stock valued at $103,000 after buying an additional 1,000 shares during the period. Checchi Capital Advisers LLC boosted its position in Western Digital Corp. by 5.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,197 shares of the data storage provider’s stock valued at $104,000 after buying an additional 107 shares during the period. Amica Retiree Medical Trust boosted its position in Western Digital Corp. by 28.9% in the second quarter. Amica Retiree Medical Trust now owns 2,203 shares of the data storage provider’s stock valued at $104,000 after buying an additional 494 shares during the period. Cornerstone Advisors Inc. boosted its position in Western Digital Corp. by 5.7% in the second quarter. Cornerstone Advisors Inc. now owns 2,245 shares of the data storage provider’s stock valued at $106,000 after buying an additional 121 shares during the period. Finally, Americafirst Capital Management LLC bought a new position in Western Digital Corp. during the second quarter valued at $108,000. Institutional investors own 86.77% of the company’s stock.
Western Digital Corp. Company Profile
Western Digital Corporation (Western Digital) 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 product portfolio includes hard disk drives (HDDs), solid-state drives, direct attached storage solutions, personal cloud network attached storage solutions, and public and private cloud data center storage solutions.
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