Wealthstreet Investment Advisors LLC lessened its stake in shares of Western Digital Corp (NASDAQ:WDC) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,713 shares of the data storage provider’s stock after selling 661 shares during the period. Wealthstreet Investment Advisors LLC’s holdings in Western Digital were worth $509,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Interstate Bank raised its holdings in Western Digital by 159.2% during the 1st quarter. First Interstate Bank now owns 578 shares of the data storage provider’s stock valued at $28,000 after buying an additional 355 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Western Digital by 57.0% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 650 shares of the data storage provider’s stock valued at $31,000 after buying an additional 236 shares during the period. Investors Research Corp purchased a new stake in Western Digital in the first quarter worth $36,000. Global Retirement Partners LLC increased its stake in Western Digital by 66.1% in the first quarter. Global Retirement Partners LLC now owns 746 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 297 shares during the period. Finally, Institutional & Family Asset Management LLC increased its stake in Western Digital by 167.6% in the first quarter. Institutional & Family Asset Management LLC now owns 784 shares of the data storage provider’s stock worth $38,000 after purchasing an additional 491 shares during the period. Institutional investors own 88.10% of the company’s stock.

WDC stock traded down $0.47 during trading on Friday, reaching $56.50. 2,868,602 shares of the company traded hands, compared to its average volume of 6,776,789. Western Digital Corp has a 12 month low of $33.83 and a 12 month high of $75.00. The company’s 50 day moving average price is $46.35. The company has a market capitalization of $16.55 billion, a P/E ratio of 4.18, a price-to-earnings-growth ratio of 17.49 and a beta of 1.82. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 1.01.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Monday, April 29th. The data storage provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.29). The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.68 billion. Western Digital had a return on equity of 19.87% and a net margin of 1.10%. Western Digital’s revenue was down 26.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.63 EPS. Equities research analysts expect that Western Digital Corp will post 4.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, June 27th. Western Digital’s dividend payout ratio is presently 14.80%.

A number of analysts have weighed in on WDC shares. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Loop Capital reduced their target price on Western Digital to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 30th. Citigroup reduced their target price on Western Digital from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. Finally, Stifel Nicolaus increased their target price on Western Digital from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.02.

About Western Digital

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook PCs, security surveillance systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, IoT, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and iNAND embedded flash products, such as multi-chip package solutions.

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Institutional Ownership by Quarter for Western Digital (NASDAQ:WDC)

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