Messner Smith Theme Value Investment Management Ltd Ca buys $1,506,186 stake in Western Digital Corp (WDC)

Western Digital Corp (WDC) : Messner Smith Theme Value Investment Management Ltd Ca scooped up 18,343 additional shares in Western Digital Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 33,992 shares of Western Digital Corp which is valued at $1,506,186.Western Digital Corp makes up approximately 2.59% of Messner Smith Theme Value Investment Management Ltd Ca’s portfolio.

Other Hedge Funds, Including , Burney Co reduced its stake in WDC by selling 606 shares or 5.1% in the most recent quarter. The Hedge Fund company now holds 11,283 shares of WDC which is valued at $499,950. Western Digital Corp makes up approx 0.03% of Burney Co’s portfolio.Contrarius Investment Management Ltd boosted its stake in WDC in the latest quarter, The investment management firm added 318,776 additional shares and now holds a total of 1,177,995 shares of Western Digital Corp which is valued at $52,750,616. Western Digital Corp makes up approx 4.11% of Contrarius Investment Management Ltd’s portfolio.Ls Investment Advisors boosted its stake in WDC in the latest quarter, The investment management firm added 392 additional shares and now holds a total of 11,660 shares of Western Digital Corp which is valued at $610,984. Western Digital Corp makes up approx 0.04% of Ls Investment Advisors’s portfolio.Factory Mutual Insurance Co boosted its stake in WDC in the latest quarter, The investment management firm added 30,000 additional shares and now holds a total of 316,200 shares of Western Digital Corp which is valued at $16,445,562. Western Digital Corp makes up approx 0.21% of Factory Mutual Insurance Co’s portfolio.

Western Digital Corp opened for trading at $45.64 and hit $47.2867 on the upside on Friday, eventually ending the session at $46.6, with a gain of 1.72% or 0.79 points. The heightened volatility saw the trading volume jump to 39,07,337 shares. Company has a market cap of $10,858 M.

On the company’s financial health, Western Digital Corp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.71. The company had revenue of $3495.00 million for the quarter, compared to analysts expectations of $3446.23 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

Investors should note that on Aug 3, 2016, Western Digital Corp announced a cash dividend of $0.5000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 17, 2016.

Many Wall Street Analysts have commented on Western Digital Corp. Shares were Reiterated by Jefferies on Aug 17, 2016 to “Buy” and Lowered the Price Target to $ 54 from a previous price target of $62 .Shares were Downgraded by Goldman on Aug 3, 2016 to ” Sell” and Lowered the Price Target to $ 38 from a previous price target of $47 .Company shares were Upgraded by Robert W. Baird on Jul 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $50 .

Western Digital Corporation is a data storage solutions company. The Company is a developer manufacturer and provider of data storage solutions that enable consumers businesses governments and other organizations to create manage experience and preserve digital content. The Company’s Technology product includes: Hard Disk Drives and Solid-State Drives. Hard Disk Drives provide non-volatile data storage. Solid-State Drives are semiconductor and non-volatile media. The Company offers solutions including: Enterprise Storage Solutions Client Desktop and Notebook PCs Branded Product Solutions Consumer Electronics Solutions. The Company’s products are marketed under the HGST WD and G-Technology brand names.

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