Western Digital Corp Director Michael D. Lambert Sells 14,352 Shares (WDC)
Western Digital Corp (NYSE:WDC) Director Michael D. Lambert sold 14,352 shares of Western Digital Corp stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $100.37, for a total value of $1,440,510.24. Following the completion of the sale, the director now directly owns 18,272 shares in the company, valued at approximately $1,833,961. The sale was disclosed in a filing with the SEC, which is available at this link.
Western Digital Corp (NYSE:WDC) traded up 0.90% during mid-day trading on Monday, hitting $101.91. The stock had a trading volume of 824,196 shares. Western Digital Corp has a one year low of $59.36 and a one year high of $102.89. The stock’s 50-day moving average is $99.64 and its 200-day moving average is $91.00. The company has a market cap of $23.848 billion and a price-to-earnings ratio of 15.12.
Western Digital Corp (NYSE:WDC) last announced its earnings results on Wednesday, July 30th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts predict that Western Digital Corp will post $8.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, October 1st.
A number of research firms have recently commented on WDC. 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, August 5th. 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 equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $111.00.
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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