Western Digital Corp. Insider Sells $632,853 in Stock (WDC)
Western Digital Corp. (NYSE:WDC) Insider James J. Murphy sold 7,013 shares of Western Digital Corp. stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $90.24, for a total transaction of $632,853.12. Following the transaction, the insider now directly owns 57,578 shares of the company’s stock, valued at approximately $5,195,839. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on WDC shares. Analysts at Barclays upgraded shares of Western Digital Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 14th. They now have a $98.00 price target on the stock, up previously from $95.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Western Digital Corp. in a research note on Thursday, May 1st. They now have a $105.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Western Digital Corp. in a research note on Thursday, May 1st. They now have a $100.00 price target on the stock, down previously from $106.00. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $96.94.
Western Digital Corp. (NYSE:WDC) traded down 1.06% on Thursday, hitting $89.74. 1,241,159 shares of the company’s stock traded hands. Western Digital Corp. has a 52-week low of $58.04 and a 52-week high of $95.00. The stock’s 50-day moving average is $86.62 and its 200-day moving average is $85.70. The company has a market cap of $21.095 billion and a P/E ratio of 21.19.
Western Digital Corp. (NYSE:WDC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.07. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. On average, analysts predict that Western Digital Corp. will post $8.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, June 25th. This is a boost from Western Digital Corp.’s previous quarterly dividend of $0.30.
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.