The Manufacturers Life Insurance Company boosted its position in Western Digital Corporation (NASDAQ:WDC) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,146 shares of the data storage provider’s stock after purchasing an additional 5,331 shares during the period. The Manufacturers Life Insurance Company owned about 0.12% of Western Digital Corporation worth $30,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Western Digital Corporation by 4.2% in the second quarter. Vanguard Group Inc. now owns 29,942,849 shares of the data storage provider’s stock valued at $2,652,936,000 after buying an additional 1,201,394 shares in the last quarter. Capital World Investors purchased a new position in shares of Western Digital Corporation during the 2nd quarter worth approximately $1,019,202,000. Iridian Asset Management LLC CT increased its stake in shares of Western Digital Corporation by 1.8% during the 2nd quarter. Iridian Asset Management LLC CT now owns 5,641,706 shares of the data storage provider’s stock worth $499,855,000 after purchasing an additional 100,195 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Western Digital Corporation by 10.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,443,866 shares of the data storage provider’s stock worth $393,778,000 after purchasing an additional 405,293 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Western Digital Corporation by 0.5% during the 2nd quarter. Northern Trust Corp now owns 3,191,625 shares of the data storage provider’s stock worth $282,778,000 after purchasing an additional 16,436 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

In other news, insider Mark P. Long sold 28,585 shares of Western Digital Corporation stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $94.24, for a total value of $2,693,850.40. Following the sale, the insider now directly owns 53,551 shares in the company, valued at $5,046,646.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark P. Long sold 1,517 shares of Western Digital Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $80.97, for a total transaction of $122,831.49. Following the completion of the sale, the chief financial officer now owns 88,207 shares in the company, valued at $7,142,120.79. The disclosure for this sale can be found here. Insiders have sold a total of 128,246 shares of company stock worth $11,323,928 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

WDC has been the subject of a number of recent research reports. UBS AG reissued an “add” rating on shares of Western Digital Corporation in a research note on Wednesday, September 20th. Mizuho reissued a “buy” rating and set a $105.00 price objective on shares of Western Digital Corporation in a research note on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating and set a $120.00 price objective on shares of Western Digital Corporation in a research note on Wednesday, June 21st. Maxim Group reissued a “buy” rating and set a $108.00 price objective on shares of Western Digital Corporation in a research note on Wednesday, June 21st. Finally, Guggenheim reissued a “buy” rating and set a $125.00 price objective on shares of Western Digital Corporation in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.35.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/western-digital-corporation-wdc-position-raised-by-the-manufacturers-life-insurance-company/1630570.html.

Shares of Western Digital Corporation (NASDAQ:WDC) opened at 87.80 on Friday. The firm has a market cap of $25.89 billion, a price-to-earnings ratio of 65.52 and a beta of 1.24. The stock’s 50 day moving average is $87.14 and its 200-day moving average is $87.45. Western Digital Corporation has a 12-month low of $52.10 and a 12-month high of $95.77.

Western Digital Corporation (NASDAQ:WDC) last announced its earnings results on Thursday, July 27th. The data storage provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.51 by $0.42. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.82 billion. Western Digital Corporation had a net margin of 2.08% and a return on equity of 21.23%. The business’s quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. On average, analysts anticipate that Western Digital Corporation will post $12.40 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 2.33%. Western Digital Corporation’s dividend payout ratio (DPR) is currently 156.25%.

Western Digital Corporation Company Profile

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).

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

Receive News & Ratings for Western Digital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.