Amica Retiree Medical Trust Has $182,000 Position in Western Digital Corp (WDC)

Amica Retiree Medical Trust maintained its stake in shares of Western Digital Corp (NASDAQ:WDC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,203 shares of the data storage provider’s stock at the end of the first quarter. Amica Retiree Medical Trust’s holdings in Western Digital Corp were worth $182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Western Digital Corp during the fourth quarter valued at approximately $168,304,000. Iridian Asset Management LLC CT raised its stake in shares of Western Digital Corp by 13,964.1% in the fourth quarter. Iridian Asset Management LLC CT now owns 1,611,046 shares of the data storage provider’s stock valued at $109,471,000 after buying an additional 1,599,591 shares during the period. Viking Global Investors LP purchased a new position in Western Digital Corp during the fourth quarter worth approximately $95,471,000. Los Angeles Capital Management & Equity Research Inc. raised its position in Western Digital Corp by 926.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,185,315 shares of the data storage provider’s stock worth $69,305,000 after buying an additional 1,069,889 shares during the period. Finally, State Street Corp raised its position in Western Digital Corp by 7.2% in the fourth quarter. State Street Corp now owns 14,860,382 shares of the data storage provider’s stock worth $1,011,249,000 after buying an additional 994,472 shares during the period. Hedge funds and other institutional investors own 88.22% of the company’s stock.

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

Western Digital Corp (NASDAQ:WDC) traded up 0.91% during trading on Friday, reaching $86.89. The company’s stock had a trading volume of 1,402,501 shares. Western Digital Corp has a 52 week low of $38.65 and a 52 week high of $91.00. The firm has a 50 day moving average of $86.07 and a 200 day moving average of $74.46. The stock’s market capitalization is $25.31 billion.

Western Digital Corp (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, April 27th. The data storage provider reported $2.07 EPS for the quarter, beating the consensus estimate of $1.85 by $0.22. Western Digital Corp had a negative net margin of 2.56% and a positive return on equity of 13.38%. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the business earned $1.21 earnings per share. Western Digital Corp’s revenue was up 64.7% compared to the same quarter last year. Analysts expect that Western Digital Corp will post $8.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, June 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.32%. Western Digital Corp’s dividend payout ratio is presently -133.33%.

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WDC has been the subject of several recent research reports. Cowen and Company increased their target price on shares of Western Digital Corp to $89.00 in a report on Thursday, January 26th. Royal Bank of Canada raised their target price on shares of Western Digital Corp to $90.00 in a report on Thursday, January 26th. TheStreet raised shares of Western Digital Corp from a “c” rating to a “b-” rating in a report on Wednesday, January 25th. Vetr lowered shares of Western Digital Corp from a “strong-buy” rating to a “buy” rating and set a $78.92 price objective for the company. in a research note on Thursday, January 19th. Finally, Jefferies Group LLC upped their price objective on shares of Western Digital Corp from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, January 24th. Six investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $94.19.

In related news, EVP Michael Charles Ray sold 1,365 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $89.54, for a total value of $122,222.10. Following the completion of the transaction, the executive vice president now owns 42,771 shares of the company’s stock, valued at approximately $3,829,715.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Cordano sold 27,137 shares of Western Digital Corp stock in a transaction on Monday, April 10th. The shares were sold at an average price of $85.07, for a total transaction of $2,308,544.59. Following the sale, the insider now directly owns 62,878 shares of the company’s stock, valued at approximately $5,349,031.46. The disclosure for this sale can be found here. Insiders have sold 203,506 shares of company stock worth $17,378,672 in the last quarter. Company insiders own 0.46% of the company’s stock.

Western Digital Corp 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).

5 Day Chart for NASDAQ:WDC

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