Western Digital Corp. (WDC) Announces Quarterly Dividend of $0.30
Western Digital Corp. (NYSE:WDC) declared a quarterly dividend on Thursday, February 6th, AnalystRatingsNetwork reports. Investors of record on Friday, March 28th will be given a dividend of 0.30 per share on Tuesday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%.
A number of analysts have recently weighed in on WDC shares. Analysts at Zacks reiterated an “outperform” rating on shares of Western Digital Corp. in a research note to investors on Thursday, January 30th. They now have a $101.00 price target on the stock. On a related note, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Western Digital Corp. in a research note to investors on Thursday, January 23rd. They now have a $106.00 price target on the stock. Finally, analysts at Craig Hallum upgraded shares of Western Digital Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 23rd. They now have a $100.00 price target on the stock, up previously from $70.00. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Western Digital Corp. currently has an average rating of “Buy” and a consensus target price of $96.06.
Shares of Western Digital Corp. (NYSE:WDC) traded up 0.74% during mid-day trading on Thursday, hitting $83.35. 1,211,378 shares of the company’s stock traded hands. Western Digital Corp. has a 52 week low of $44.44 and a 52 week high of $90.44. The stock has a 50-day moving average of $84.84 and a 200-day moving average of $72.70. The company has a market cap of $19.671 billion and a P/E ratio of 19.14.
Western Digital Corp. (NYSE:WDC) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.12. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Western Digital Corp. will post $8.10 earnings per share for the current fiscal year.
In other Western Digital Corp. news, VP Michael Charles Ray unloaded 6,016 shares of Western Digital Corp. stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $86.08, for a total transaction of $517,857.28. Following the transaction, the vice president now directly owns 33,883 shares of the company’s stock, valued at approximately $2,916,649. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Western Digital Corporation (NYSE:WDC) is a provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.