Omni Partners Llp adds Western Digital Corp (WDC) to its portfolio

Western Digital Corp (WDC) : Omni Partners Llp added new position in Western Digital Corp during the most recent quarter end. The investment management firm now holds 16,232 shares of Western Digital Corp which is valued at $719,240 , the company said in a statement filed on Aug 15, 2016 with the SEC.Western Digital Corp makes up approximately 0.47% of Omni Partners Llp’s portfolio.

Other Hedge Funds, Including , Lombard Odier Asset Management (usa) Corp boosted its stake in WDC in the latest quarter, The investment management firm added 5,968 additional shares and now holds a total of 10,742 shares of Western Digital Corp which is valued at $475,978. Western Digital Corp makes up approx 0.06% of Lombard Odier Asset Management (usa) Corp’s portfolio.Mcf Advisors reduced its stake in WDC by selling 1 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 15 shares of WDC which is valued at $665.Pinebridge Investments reduced its stake in WDC by selling 819 shares or 22.31% in the most recent quarter. The Hedge Fund company now holds 2,852 shares of WDC which is valued at $126,372. Western Digital Corp makes up approx 0.01% of Pinebridge Investments’s portfolio. Asset Advisors Corp sold out all of its stake in WDC during the most recent quarter. The investment firm sold 36 shares of WDC which is valued $1,612.State Treasurer State Of Michigan boosted its stake in WDC in the latest quarter, The investment management firm added 1,099 additional shares and now holds a total of 97,785 shares of Western Digital Corp which is valued at $4,378,812. Western Digital Corp makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.

Western Digital Corp closed down -0.35 points or -0.75% at $46.32 with 30,15,138 shares getting traded on Thursday. Post opening the session at $46.67, the shares hit an intraday low of $45.702 and an intraday high of $47.0799 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. Company shares were Reiterated by Cowen on Sep 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $55 .Shares were Reiterated by Mizuho on Aug 25, 2016 to “Buy” and Lowered the Price Target to $ 54 from a previous price target of $56 .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 .

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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