Amundi Pioneer Asset Management Inc. Has $32.99 Million Holdings in Western Digital Corp (WDC)
Amundi Pioneer Asset Management Inc. raised its holdings in Western Digital Corp (NASDAQ:WDC) by 41.2% during the fourth quarter, HoldingsChannel reports. The firm owned 414,840 shares of the data storage provider’s stock after purchasing an additional 120,943 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Western Digital were worth $32,992,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in WDC. Bank of Montreal Can boosted its holdings in Western Digital by 267.4% in the 4th quarter. Bank of Montreal Can now owns 1,232,616 shares of the data storage provider’s stock valued at $98,029,000 after purchasing an additional 897,108 shares in the last quarter. Kensico Capital Management Corp boosted its holdings in Western Digital by 228.2% in the 3rd quarter. Kensico Capital Management Corp now owns 1,094,508 shares of the data storage provider’s stock valued at $94,565,000 after purchasing an additional 761,000 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Western Digital by 402.8% during the 4th quarter. DnB Asset Management AS now owns 795,948 shares of the data storage provider’s stock worth $63,302,000 after acquiring an additional 637,639 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Western Digital by 68.8% during the 3rd quarter. Schroder Investment Management Group now owns 1,523,431 shares of the data storage provider’s stock worth $132,096,000 after acquiring an additional 621,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Western Digital by 22.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,695 shares of the data storage provider’s stock worth $283,538,000 after acquiring an additional 598,563 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.
Western Digital Corp (NASDAQ:WDC) opened at $99.55 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.55 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $29,620.00, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. Western Digital Corp has a twelve month low of $71.38 and a twelve month high of $100.00.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $2.00 annualized dividend and a yield of 2.01%. Western Digital’s dividend payout ratio (DPR) is presently 30.67%.
WDC has been the topic of several research analyst reports. UBS Group decreased their price target on Western Digital to $88.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 13th. Vetr lowered Western Digital from a “strong-buy” rating to a “buy” rating and set a $97.62 price target on the stock. in a research note on Monday, November 13th. BMO Capital Markets lowered Western Digital from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $120.00 to $90.00 in a research note on Thursday, January 4th. BidaskClub lowered Western Digital from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Benchmark reissued a “buy” rating and set a $130.00 price target on shares of Western Digital in a research note on Tuesday, December 26th. Twelve analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Western Digital has an average rating of “Buy” and a consensus target price of $111.62.
In other Western Digital news, CEO Stephen D. Milligan sold 90,755 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $88.12, for a total value of $7,997,330.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Cordano sold 1,401 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $85.00, for a total value of $119,085.00. Following the completion of the transaction, the insider now owns 70,560 shares of the company’s stock, valued at $5,997,600. The disclosure for this sale can be found here. Insiders sold a total of 187,757 shares of company stock valued at $16,522,057 over the last quarter. 0.31% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: “Amundi Pioneer Asset Management Inc. Has $32.99 Million Holdings in Western Digital Corp (WDC)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2018/03/11/amundi-pioneer-asset-management-inc-has-32-99-million-holdings-in-western-digital-corp-wdc.html.
About Western Digital
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 Corp (NASDAQ:WDC).
Receive News & Ratings for Western Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital and related companies with MarketBeat.com's FREE daily email newsletter.