Western Digital Corp (NASDAQ:WDC) CEO Stephen D. Milligan sold 2,291 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $99.31, for a total value of $227,519.21. Following the completion of the sale, the chief executive officer now owns 68,114 shares of the company’s stock, valued at approximately $6,764,401.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Stephen D. Milligan also recently made the following trade(s):
- On Wednesday, March 7th, Stephen D. Milligan sold 23,155 shares of Western Digital stock. The stock was sold at an average price of $94.49, for a total value of $2,187,915.95.
- On Monday, January 29th, Stephen D. Milligan sold 90,755 shares of Western Digital stock. The stock was sold at an average price of $88.12, for a total value of $7,997,330.60.
Western Digital Corp (WDC) opened at $102.91 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.03 and a current ratio of 2.55. The company has a market capitalization of $30,620.00, a P/E ratio of 15.78, a P/E/G ratio of 0.43 and a beta of 1.11. Western Digital Corp has a twelve month low of $71.38 and a twelve month high of $106.30.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.94%. Western Digital’s dividend payout ratio is presently 30.67%.
A number of research firms recently weighed in on WDC. TheStreet downgraded Western Digital from a “b” rating to a “c+” rating in a research report on Thursday, January 25th. BidaskClub upgraded Western Digital from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Royal Bank of Canada reiterated a “buy” rating on shares of Western Digital in a research report on Friday, December 22nd. UBS Group started coverage on Western Digital in a research report on Tuesday, March 6th. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Vetr downgraded Western Digital from a “buy” rating to a “hold” rating and set a $95.09 price objective for the company. in a research report on Tuesday, November 21st. Twelve analysts have rated the stock with a hold rating, twenty-two have given a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $111.62.
Institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in shares of Western Digital during the fourth quarter valued at approximately $121,000. Acadian Asset Management LLC purchased a new stake in Western Digital in the fourth quarter worth $132,000. Focused Wealth Management Inc purchased a new stake in Western Digital in the fourth quarter worth $143,000. SeaCrest Wealth Management LLC purchased a new stake in Western Digital in the fourth quarter worth $149,000. Finally, Icon Wealth Partners LLC purchased a new stake in Western Digital in the fourth quarter worth $171,000. Institutional investors own 84.97% of the company’s stock.
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Western Digital 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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