Western Digital Corp (NASDAQ:WDC) CEO Stephen D. Milligan sold 53,264 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $100.12, for a total value of $5,332,791.68. Following the completion of the transaction, the chief executive officer now owns 68,114 shares in the company, valued at approximately $6,819,573.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Stephen D. Milligan also recently made the following trade(s):
- On Wednesday, March 7th, Stephen D. Milligan sold 23,155 shares of Western Digital stock. The stock was sold at an average price of $94.49, for a total value of $2,187,915.95.
- On Monday, January 29th, Stephen D. Milligan sold 90,755 shares of Western Digital stock. The stock was sold at an average price of $88.12, for a total value of $7,997,330.60.
Shares of Western Digital Corp (NASDAQ WDC) opened at $102.91 on Wednesday. The stock has a market cap of $30,607.05, a price-to-earnings ratio of 8.87, a PEG ratio of 0.43 and a beta of 1.11. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.55 and a quick ratio of 2.03. Western Digital Corp has a 52 week low of $71.38 and a 52 week high of $106.30.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.94%. Western Digital’s payout ratio is 165.29%.
A number of research firms recently commented on WDC. BidaskClub upgraded Western Digital from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of Western Digital in a report on Tuesday, December 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Western Digital in a report on Friday, December 22nd. Vetr downgraded Western Digital from a “buy” rating to a “hold” rating and set a $95.09 price target on the stock. in a report on Tuesday, November 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price target on shares of Western Digital in a report on Thursday, February 22nd. Twelve investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.62.
Several institutional investors have recently made changes to their positions in the company. Chemical Bank bought a new position in Western Digital in the fourth quarter worth $218,000. Xact Kapitalforvaltning AB lifted its position in Western Digital by 6.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 69,122 shares of the data storage provider’s stock worth $5,497,000 after purchasing an additional 4,184 shares during the period. Banco de Sabadell S.A bought a new position in Western Digital in the fourth quarter worth $2,769,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Western Digital in the fourth quarter worth $11,977,000. Finally, Sterling Capital Management LLC lifted its position in Western Digital by 46.4% in the fourth quarter. Sterling Capital Management LLC now owns 70,442 shares of the data storage provider’s stock worth $5,602,000 after purchasing an additional 22,330 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.
About Western Digital
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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