Western Digital Corp (WDC) : Evercore Wealth Management reduced its stake in Western Digital Corp by 11.34% during the most recent quarter end. The investment management company now holds a total of 412,351 shares of Western Digital Corp which is valued at $18,465,078 after selling 52,752 shares in Western Digital Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Western Digital Corp makes up approximately 0.80% of Evercore Wealth Management’s portfolio.
Other Hedge Funds, Including , Hudock Capital Group boosted its stake in WDC in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 196 shares of Western Digital Corp which is valued at $8,777. K.j. Harrison Partners Inc added WDC to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $534,400. Western Digital Corp makes up approx 0.28% of K.j. Harrison Partners Inc’s portfolio.Capstone Asset Management Co reduced its stake in WDC by selling 1,278 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 26,028 shares of WDC which is valued at $1,353,716. Western Digital Corp makes up approx 0.04% of Capstone Asset Management Co’s portfolio.Breton Hill Capital Ltd. boosted its stake in WDC in the latest quarter, The investment management firm added 18,735 additional shares and now holds a total of 38,772 shares of Western Digital Corp which is valued at $2,016,532. Western Digital Corp makes up approx 0.63% of Breton Hill Capital Ltd.’s portfolio.Cornerstone Investment Partners reduced its stake in WDC by selling 61,681 shares or 5.72% in the most recent quarter. The Hedge Fund company now holds 1,016,689 shares of WDC which is valued at $52,877,995. Western Digital Corp makes up approx 1.78% of Cornerstone Investment Partners’s portfolio.
Western Digital Corp closed down -0.48 points or -1.07% at $44.3 with 41,99,287 shares getting traded on Thursday. Post opening the session at $44.62, the shares hit an intraday low of $44.3 and an intraday high of $44.92 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.
Many Wall Street Analysts have commented on Western Digital Corp. 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 .Company shares were Reiterated by Cowen on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 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 Companys 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 Companys products are marketed under the HGST WD and G-Technology brand names.