Western Digital (WDC) Cut to "Sell" at BidaskClub

Cornelia Mascio
Dicembre 11, 2017

Berkshire Asset Mngmt Ltd Liability Pa has 0.03% invested in Western Digital Corporation (NASDAQ:WDC). The fund owned 10,012 shares of the data storage provider's stock after selling 4,297 shares during the quarter. Seven Bridges Advisors LLC now owns 2,243 shares of the data storage provider's stock valued at $199,000 after acquiring an additional 931 shares during the period. The New York-based Boothbay Fund Management Llc has invested 0.01% in the stock. Amalgamated National Bank stated it has 33,092 shares. The stock increased 0.53% or $0.37 during the last trading session, reaching $69.74. Quantbot Technologies LP purchased a new position in Western Digital during the second quarter worth approximately $135,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Western Digital by 18.3% in the 2nd quarter. Oppenheimer owns 13,301 shares for 0.03% of their portfolio. Capital Analysts LLC bought a new position in Western Digital in the 2nd quarter worth approximately $2,777,000. Finally, Calamos Advisors LLC grew its holdings in Western Digital by 2.7% in the 2nd quarter. Calamos Advisors Limited Co invested in 0.03% or 45,377 shares. Institutional investors and hedge funds own 83.99% of the company's stock. This has been shown in a research report on 8 October. Benchmark maintained the shares of WDC in report on Friday, October 27 with "Buy" rating. The stock of Western Digital Corporation (NASDAQ:WDC) has "Buy" rating given on Wednesday, December 7 by Deutsche Bank. The stock of Western Digital Corporation (NASDAQ:WDC) has "Hold" rating given on Friday, June 2 by Jefferies. Vetr lowered Western Digital from a "strong-buy" rating to a "buy" rating and set a $95.94 price objective for the company.in a report on Wednesday, August 16th. In a research report issued to clients on Sunday, 8 October, Mizuho Securities restate their "Buy" rating on shares of WDC.

Among 15 analysts covering Alaska Air Group (NYSE:ALK), 9 have Buy rating, 0 Sell and 6 Hold. The stock now has a consensus rating of "Buy" and a consensus price target of $114.50.

In other Western Digital news, insider Michael D. Cordano sold 1,397 shares of Western Digital stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $88.71, for a total transaction of $834,228.84. The company was maintained on Wednesday, December 7 by Cowen & Co. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Cordano sold 9,404 shares of the business's stock in a transaction that occurred on Monday, September 18th. The Equitec Specialists Llc holds 68,300 shares with $6.05 million value, up from 5,200 last quarter. Following the completion of the sale, the insider now owns 75,385 shares of the company's stock, valued at approximately $6,687,403.35. The disclosure for this sale can be found here. Company insiders own 0.31% of the company's stock.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, October 26th. The stock has a market capitalization of $23,174.88, a price-to-earnings ratio of 7.87 and a beta of 1.10. Western Digital Corporation has a 1-year low of $65.08 and a 1-year high of $95.77. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.13 and a current ratio of 2.64. Goelzer Investment Mgmt Inc invested 0.61% in Western Digital Corporation (NASDAQ:WDC). Chicago Equity Prns Limited Co holds 74,850 shares or 0.18% of its portfolio. The company has market cap of $24.10 billion. The short interest to Western Digital Corporation's float is 2.54%. The company's revenue for the quarter was up 9.9% on a year-over-year basis.

Amica Pension Fund Board of Trustees lowered its position in shares of Western Digital Corporation (NASDAQ:WDC) by 30.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. Stockholders of record on Friday, December 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.45%. Western Digital's dividend payout ratio (DPR) is presently 41.75%. Its down 19.22% from 9.05M shares, reported previously. Sun Life Financial INC now owns 2,121 shares of the data storage provider's stock valued at $188,000 after acquiring an additional 2,108 shares during the period. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: "Private Advisor Group LLC Reduces Stake in Western Digital Corporation (WDC)" was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece on another domain, it was copied illegally and republished in violation of USA and global trademark & copyright laws. California State Teachers Retirement Sys has invested 0.1% of its portfolio in Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation Company Profile 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.

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