Clark Estates Inc. NY cut its position in shares of Western Digital Corporation (NASDAQ:WDC) by 13.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 38,200 shares of the data storage provider’s stock after selling 6,000 shares during the period. Clark Estates Inc. NY’s holdings in Western Digital Corporation were worth $3,385,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. American Beacon Advisors Inc. acquired a new position in shares of Western Digital Corporation during the first quarter valued at approximately $111,000. Acrospire Investment Management LLC acquired a new position in shares of Western Digital Corporation during the first quarter valued at approximately $112,000. Reilly Financial Advisors LLC boosted its position in shares of Western Digital Corporation by 49.8% in the first quarter. Reilly Financial Advisors LLC now owns 1,383 shares of the data storage provider’s stock valued at $114,000 after buying an additional 460 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Western Digital Corporation during the first quarter valued at approximately $117,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of Western Digital Corporation by 26.7% in the first quarter. SRS Capital Advisors Inc. now owns 1,453 shares of the data storage provider’s stock valued at $119,000 after buying an additional 306 shares in the last quarter. 82.39% of the stock is currently owned by institutional investors.

Shares of Western Digital Corporation (WDC) opened at 79.19 on Friday. Western Digital Corporation has a 1-year low of $43.60 and a 1-year high of $95.77. The firm’s 50-day moving average is $89.25 and its 200-day moving average is $84.32. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 59.10 and a beta of 1.22.

Western Digital Corporation (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, July 27th. The data storage provider reported $2.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.51 by $0.42. Western Digital Corporation had a net margin of 2.08% and a return on equity of 21.23%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 38.5% compared to the same quarter last year. Analysts forecast that Western Digital Corporation will post $12.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 2.53%. Western Digital Corporation’s dividend payout ratio (DPR) is presently 156.25%.

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WDC has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Western Digital Corporation in a report on Monday, June 12th. BidaskClub upgraded shares of Western Digital Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Vetr upgraded shares of Western Digital Corporation from a “buy” rating to a “strong-buy” rating and set a $97.97 price target on the stock in a research report on Monday, May 22nd. Barclays PLC increased their price target on shares of Western Digital Corporation to $131.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, Benchmark Co. reiterated a “buy” rating and set a $135.00 price target on shares of Western Digital Corporation in a research report on Wednesday, May 24th. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Western Digital Corporation presently has an average rating of “Buy” and a consensus price target of $104.93.

In other Western Digital Corporation news, CFO Mark P. Long sold 17,028 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $93.84, for a total value of $1,597,907.52. Following the sale, the chief financial officer now owns 53,551 shares in the company, valued at approximately $5,025,225.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael Charles Ray sold 1,365 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $89.54, for a total value of $122,222.10. Following the completion of the sale, the executive vice president now owns 42,771 shares in the company, valued at approximately $3,829,715.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,966 shares of company stock worth $11,263,675. 0.46% of the stock is owned by corporate insiders.

About Western Digital Corporation

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).

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

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