Private Advisor Group LLC raised its stake in Western Digital Corporation (NASDAQ:WDC) by 75.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,149 shares of the data storage provider’s stock after purchasing an additional 5,221 shares during the period. Private Advisor Group LLC’s holdings in Western Digital Corporation were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Accredited Investors Inc. grew its stake in Western Digital Corporation by 0.4% in the second quarter. Accredited Investors Inc. now owns 2,713 shares of the data storage provider’s stock valued at $240,000 after purchasing an additional 11 shares during the last quarter. Honkamp Krueger Financial Services Inc. grew its stake in shares of Western Digital Corporation by 0.5% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 4,571 shares of the data storage provider’s stock worth $405,000 after acquiring an additional 25 shares during the last quarter. Barry Investment Advisors LLC grew its stake in shares of Western Digital Corporation by 0.4% during the second quarter. Barry Investment Advisors LLC now owns 6,331 shares of the data storage provider’s stock worth $561,000 after acquiring an additional 26 shares during the last quarter. Cleararc Capital Inc. grew its stake in shares of Western Digital Corporation by 1.3% during the first quarter. Cleararc Capital Inc. now owns 7,045 shares of the data storage provider’s stock worth $581,000 after acquiring an additional 92 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its stake in shares of Western Digital Corporation by 0.7% during the first quarter. Chicago Equity Partners LLC now owns 13,615 shares of the data storage provider’s stock worth $1,124,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Western Digital Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Susquehanna Bancshares Inc restated a “positive” rating and set a $140.00 price target on shares of Western Digital Corporation in a research note on Wednesday, May 17th. Jefferies Group LLC restated a “hold” rating and set a $90.00 price target on shares of Western Digital Corporation in a research note on Wednesday, June 28th. Vetr upgraded Western Digital Corporation from a “buy” rating to a “strong-buy” rating and set a $101.80 price target on the stock in a research note on Monday, June 12th. Finally, Cowen and Company restated an “outperform” rating and set a $115.00 price target on shares of Western Digital Corporation in a research note on Monday, May 22nd. Seven analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $108.76.

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Shares of Western Digital Corporation (WDC) opened at 87.00 on Monday. The stock has a market capitalization of $25.40 billion, a PE ratio of 64.93 and a beta of 1.21. The company’s 50 day moving average price is $86.77 and its 200 day moving average price is $85.65. Western Digital Corporation has a 12 month low of $50.10 and a 12 month high of $95.77.

Western Digital Corporation (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, July 27th. The data storage provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.42. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Western Digital Corporation had a return on equity of 21.23% and a net margin of 2.08%. Western Digital Corporation’s revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. Equities analysts anticipate that Western Digital Corporation will post $12.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%. Western Digital Corporation’s dividend payout ratio (DPR) is 156.25%.

In other news, insider Mark P. Long sold 1,517 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $88.49, for a total value of $134,239.33. Following the completion of the transaction, the insider now directly owns 88,207 shares of the company’s stock, valued at $7,805,437.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark P. Long sold 28,585 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $94.24, for a total value of $2,693,850.40. Following the completion of the transaction, the insider now directly owns 53,551 shares of the company’s stock, valued at $5,046,646.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,445 shares of company stock valued at $11,728,114. Insiders own 0.46% of the company’s stock.

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. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).

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Institutional Ownership by Quarter for Western Digital Corporation (NASDAQ:WDC)

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