Blair William & Co. IL Has $1.46 Million Stock Position in Western Digital Co. (NASDAQ:WDC)

Blair William & Co. IL increased its holdings in shares of Western Digital Co. (NASDAQ:WDC) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,270 shares of the data storage provider’s stock after buying an additional 1,375 shares during the quarter. Blair William & Co. IL’s holdings in Western Digital were worth $1,460,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WDC. Rise Advisors LLC acquired a new stake in Western Digital during the 1st quarter worth $25,000. Fairfield Financial Advisors LTD acquired a new stake in Western Digital during the 2nd quarter worth $29,000. Fidelis Capital Partners LLC acquired a new stake in shares of Western Digital in the 1st quarter valued at about $30,000. SOA Wealth Advisors LLC. bought a new stake in shares of Western Digital in the first quarter valued at about $31,000. Finally, OFI Invest Asset Management acquired a new position in shares of Western Digital during the second quarter worth about $34,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In related news, SVP Gene M. Zamiska sold 417 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $64.89, for a total transaction of $27,059.13. Following the transaction, the senior vice president now directly owns 28,870 shares in the company, valued at $1,873,374.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Robert Soderbery sold 12,154 shares of Western Digital stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $57.09, for a total value of $693,871.86. Following the sale, the executive vice president now owns 128,413 shares of the company’s stock, valued at approximately $7,331,098.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gene M. Zamiska sold 417 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $64.89, for a total value of $27,059.13. Following the completion of the sale, the senior vice president now owns 28,870 shares in the company, valued at $1,873,374.30. The disclosure for this sale can be found here. Insiders sold a total of 17,955 shares of company stock valued at $1,053,560 over the last ninety days. 0.28% of the stock is currently owned by insiders.

Western Digital Trading Down 0.7 %

WDC opened at $66.29 on Tuesday. The company has a fifty day moving average price of $64.43 and a two-hundred day moving average price of $69.54. Western Digital Co. has a 1-year low of $35.62 and a 1-year high of $81.55. The company has a market cap of $21.65 billion, a P/E ratio of -13.34 and a beta of 1.39. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.08 by $0.17. Western Digital had a negative return on equity of 2.63% and a negative net margin of 3.75%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.77 billion. Analysts predict that Western Digital Co. will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WDC shares. Evercore ISI restated an “outperform” rating and issued a $85.00 target price on shares of Western Digital in a research note on Thursday, August 15th. StockNews.com upgraded shares of Western Digital from a “sell” rating to a “hold” rating in a report on Saturday, July 6th. Citigroup lowered their price target on shares of Western Digital from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Benchmark increased their price objective on shares of Western Digital from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Loop Capital lifted their target price on Western Digital from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and a consensus target price of $84.24.

Western Digital Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.