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Western Digital Corp. (NYSE:WDC) Insider Michael D. Cordano sold 4,059 shares of Western Digital Corp. stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $91.22, for a total value of $370,261.98. Following the completion of the sale, the insider now directly owns 75,073 shares of the company’s stock, valued at approximately $6,848,159. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Rhino Trading initiated coverage on shares of Western Digital Corp. in a research note on Monday, June 16th. They set a “buy” rating and a $110.00 price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Western Digital Corp. presently has an average rating of “Buy” and an average target price of $98.50.

Shares of Western Digital Corp. (NYSE:WDC) traded down 1.06% on Tuesday, hitting $90.62. 1,526,583 shares of the company’s stock traded hands. Western Digital Corp. has a one year low of $58.97 and a one year high of $95.00. The stock’s 50-day moving average is $87.64 and its 200-day moving average is $86.63. The company has a market cap of $21.302 billion and a price-to-earnings ratio of 21.40.

Western Digital Corp. (NYSE:WDC) last announced its earnings results on Wednesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Western Digital Corp. will post $8.00 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, June 25th. This is a positive change 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.

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