Western Digital Corp Director Sells $816,000 in Stock (WDC)
Western Digital Corp (NYSE:WDC) Director Thomas E. Pardun unloaded 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $102.00, for a total transaction of $816,000.00. Following the transaction, the director now directly owns 27,867 shares of the company’s stock, valued at approximately $2,842,434. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
WDC has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of Western Digital Corp from $130.00 to $133.00 in a research note on Tuesday. They now have a “positive” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Western Digital Corp in a research note on Thursday, July 31st. They now have a $116.00 price target on the stock, up previously from $100.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Western Digital Corp from $105.00 to $120.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $111.00.
Shares of Western Digital Corp (NYSE:WDC) traded down 0.14% during mid-day trading on Friday, hitting $101.453. 796,913 shares of the company’s stock traded hands. Western Digital Corp has a 52 week low of $59.36 and a 52 week high of $102.89. The stock’s 50-day moving average is $97.09 and its 200-day moving average is $89.8. The company has a market cap of $23.740 billion and a P/E ratio of 15.21.
Western Digital Corp (NYSE:WDC) last released its earnings data on Wednesday, July 30th. The company reported $1.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.72 by $0.13. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts expect that Western Digital Corp will post $8.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Friday, October 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, October 1st.
Western Digital Corporation (NYSE:WDC) is a developer and manufacturer of storage solutions, which enables people to create, manage, experience and preserve digital content.
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