AHL Partners LLP Sells 15,051 Shares of Western Digital Corporation (WDC)
AHL Partners LLP reduced its stake in Western Digital Corporation (NASDAQ:WDC) by 79.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,785 shares of the data storage provider’s stock after selling 15,051 shares during the period. AHL Partners LLP’s holdings in Western Digital Corporation were worth $335,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Buckingham Capital Management Inc. acquired a new stake in Western Digital Corporation in the 2nd quarter valued at $1,754,000. Korea Investment CORP increased its holdings in Western Digital Corporation by 14.7% in the 2nd quarter. Korea Investment CORP now owns 595,049 shares of the data storage provider’s stock valued at $52,721,000 after purchasing an additional 76,459 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Western Digital Corporation by 18.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,329 shares of the data storage provider’s stock valued at $5,965,000 after purchasing an additional 10,428 shares in the last quarter. Capital Analysts LLC acquired a new stake in Western Digital Corporation in the 2nd quarter valued at $2,777,000. Finally, Calamos Advisors LLC increased its holdings in Western Digital Corporation by 2.7% in the 2nd quarter. Calamos Advisors LLC now owns 45,377 shares of the data storage provider’s stock valued at $4,020,000 after purchasing an additional 1,201 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.
In related news, EVP Manish H. Bhatia sold 20,130 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $82.38, for a total transaction of $1,658,309.40. Following the completion of the sale, the executive vice president now directly owns 82,614 shares of the company’s stock, valued at $6,805,741.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Srinivasan Sivaram sold 3,098 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $85.00, for a total transaction of $263,330.00. Following the sale, the executive vice president now directly owns 74,741 shares of the company’s stock, valued at $6,352,985. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,679 shares of company stock valued at $6,561,639. 0.31% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/22/ahl-partners-llp-sells-15051-shares-of-western-digital-corporation-wdc.html.
Shares of Western Digital Corporation (NASDAQ:WDC) opened at 86.41 on Friday. The company’s 50-day moving average is $86.58 and its 200-day moving average is $87.59. The company has a market capitalization of $25.48 billion, a PE ratio of 64.49 and a beta of 1.24. Western Digital Corporation has a one year low of $53.11 and a one year high of $95.77.
Western Digital Corporation (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, July 27th. The data storage provider reported $2.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.51 by $0.42. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.82 billion. Western Digital Corporation had a net margin of 2.08% and a return on equity of 21.23%. Western Digital Corporation’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. Equities analysts predict that Western Digital Corporation will post $12.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, September 28th. Western Digital Corporation’s dividend payout ratio (DPR) is 156.25%.
Several analysts recently issued reports on WDC shares. Cowen and Company increased their price target on Western Digital Corporation from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Jefferies Group LLC raised shares of Western Digital Corporation from a “hold” rating to a “positive” rating and upped their price objective for the company from $90.00 to $93.00 in a research report on Tuesday, June 27th. Guggenheim reissued a “buy” rating and issued a $125.00 price objective on shares of Western Digital Corporation in a research report on Tuesday, June 27th. UBS AG reissued a “neutral” rating and issued a $92.00 price objective (up from $90.00) on shares of Western Digital Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub raised shares of Western Digital Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $111.50.
About Western Digital Corporation
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).
Want to see what other hedge funds are holding WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corporation (NASDAQ:WDC).
Receive News & Stock Ratings for Western Digital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital Corporation and related stocks with our FREE daily email newsletter.