Published: Fri, May 19, 2017
Business | By Max Garcia

Western Digital Corp (WDC) EVP Michael Charles Ray Sells 1208 Shares


The company now has a consensus rating of "Buy" and a consensus price target of $94.19. Western Digital had 87 analyst reports since July 23, 2015 according to SRatingsIntel. Barclays PLC lowered their price target on shares of Western Digital Corp from $100.00 to $93.00 and set an "overweight" rating for the company in a research report on Tuesday, January 31st. Deutsche Bank AG restated a "buy" rating and issued a $105.00 target price (up previously from $88.00) on shares of Western Digital Corp in a research note on Saturday, April 29th. Finally, Strs Ohio boosted its position in Western Digital Corp by 1.1% in the first quarter. Six equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. Blackrock Institutional Trust Na holds 0.08% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 7.64 million shares. The stock's 50-day moving average price is $13.10 and its 200-day moving average price is $12.70. The company has market cap of $25.34 billion.

Western Digital Cp (NASDAQ:WDC) 52-week high price stands at $91.00 and low price stands at $35.31, its price distance from 52-week high is -5.37% while its distance from 52-week low price is 143.84%. More interesting news about Western Digital Corp (NASDAQ:WDC) were released by: Seekingalpha.com and their article: "Western Digital: What's Not To Like?" published on May 02, 2017 as well as Bloomberg.com's news article titled: "Western Digital Earnings Show Value and Risk of SanDisk Purchase" with publication date: May 01, 2017. The data storage provider reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.85 by $0.22. The business had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.57 billion. The Massachusetts-based Commonwealth Equity has invested 0.01% in Western Digital Corp (NASDAQ:WDC). Ancora Advsr Limited Company reported 0% of its portfolio in Western Digital Corp (NASDAQ:WDC). During the same period in the previous year, the firm earned $1.21 earnings per share. Past 5 years growth of Western Digital Cp (NASDAQ:WDC) observed at -11.17%, looking forward for the next 5 years it has a strong prediction of 18.08% over growth. Investors of record on Friday, June 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. Its price/book multiple of 2.35 compared with the 3.10 while its free cash flow yield of 14.78 should be matched with that of its industry's 12.02. Western Digital Corporation presently has a P/E Ratio of N/A. Investors may also monitor a company's PEG or price to earnings growth ratio. Western Digital Corp has an average rating of "Buy" and a consensus target price of $94.19. If you are accessing this news story on another publication, it was stolen and reposted in violation of US and global copyright and trademark laws. The correct version of this news story can be read at https://www.chaffeybreeze.com/2017/05/19/insider-selling-western-digital-corp-wdc-evp-sells-1208-shares-of-stock-updated.html.

On Monday, May 15th, Michael Charles Ray sold 1,365 shares of Western Digital Corp stock. Following the sale, the insider now directly owns 114,522 shares of the company's stock, valued at approximately $9,965,704.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock rose 0.92% or $0.78 reaching $86 per share. The shares were sold at an average price of $75.18, for a total value of $2,611,302.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 203,506 shares of company stock worth $17,378,672. The stock appeared $39.46 above its 52-week highs and is down -0.70% for the last five trades. It also reduced its holding in Fiat Chrysler Automobiles N (Call) by 352,200 shares in the quarter, leaving it with 33,900 shares, and cut its stake in Iridium Communications Inc (NASDAQ:IRDMB). BlackRock Institutional Trust Company N.A. now owns 2,873,993 shares of the company's stock valued at $40,868,000 after buying an additional 327,643 shares during the period. Pictet North America Advisors SA now owns 16,503 shares of the data storage provider's stock worth $965,000 after buying an additional 914 shares during the last quarter.

Algert Global LLC boosted its position in News Corp (NASDAQ:NWS) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. Finally, IHT Wealth Management LLC boosted its position in shares of Western Digital Corp by 24.7% in the first quarter. Lockheed Martin Investment Management Co. raised its position in Western Digital Corp by 57.7% in the third quarter.

Large investors have recently modified their holdings of the company.

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