Raymond James & Associates lifted its stake in Western Digital Corp (NASDAQ:WDC) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 657,221 shares of the data storage provider’s stock after acquiring an additional 5,421 shares during the quarter. Raymond James & Associates owned approximately 0.22% of Western Digital worth $52,269,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its position in shares of Western Digital by 17.6% in the third quarter. Bessemer Group Inc. now owns 4,386 shares of the data storage provider’s stock valued at $379,000 after acquiring an additional 655 shares during the last quarter. Amalgamated Bank increased its position in shares of Western Digital by 2.1% in the third quarter. Amalgamated Bank now owns 33,781 shares of the data storage provider’s stock valued at $2,919,000 after acquiring an additional 689 shares during the last quarter. Spectrum Management Group Inc. increased its position in shares of Western Digital by 3.1% in the third quarter. Spectrum Management Group Inc. now owns 22,702 shares of the data storage provider’s stock valued at $1,961,000 after acquiring an additional 690 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Western Digital by 1.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 51,606 shares of the data storage provider’s stock worth $4,459,000 after purchasing an additional 700 shares during the period. Finally, ETRADE Capital Management LLC grew its holdings in Western Digital by 3.7% during the third quarter. ETRADE Capital Management LLC now owns 19,897 shares of the data storage provider’s stock worth $1,719,000 after purchasing an additional 711 shares during the period. 84.97% of the stock is currently owned by institutional investors and hedge funds.
In other Western Digital news, CFO Mark P. Long sold 4,466 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $84.20, for a total transaction of $376,037.20. Following the completion of the transaction, the chief financial officer now directly owns 88,383 shares in the company, valued at $7,441,848.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark P. Long sold 7,026 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $98.64, for a total transaction of $693,044.64. Following the transaction, the chief financial officer now owns 211,817 shares of the company’s stock, valued at $20,893,628.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 261,105 shares of company stock valued at $23,899,380. 0.31% of the stock is currently owned by corporate insiders.
Shares of Western Digital Corp (NASDAQ WDC) opened at $102.91 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.55 and a quick ratio of 2.03. The stock has a market capitalization of $30,607.05, a P/E ratio of 85.05, a P/E/G ratio of 0.43 and a beta of 1.11. Western Digital Corp has a 12 month low of $71.38 and a 12 month high of $106.30.
Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, January 25th. The data storage provider reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.44. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Western Digital had a return on equity of 30.78% and a net margin of 1.93%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 earnings per share. research analysts predict that Western Digital Corp will post 12.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, March 29th. Western Digital’s dividend payout ratio (DPR) is currently 165.29%.
About Western Digital
Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).
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