Amundi Pioneer Asset Management Inc. Has $30.17 Million Holdings in Western Digital Corp (WDC)

Share on StockTwits

Amundi Pioneer Asset Management Inc. decreased its position in Western Digital Corp (NASDAQ:WDC) by 21.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 326,960 shares of the data storage provider’s stock after selling 87,880 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.11% of Western Digital worth $30,167,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of WDC. LS Investment Advisors LLC increased its stake in shares of Western Digital by 6.5% during the 1st quarter. LS Investment Advisors LLC now owns 11,485 shares of the data storage provider’s stock worth $1,060,000 after purchasing an additional 702 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Western Digital by 1.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 46,029 shares of the data storage provider’s stock worth $3,661,000 after purchasing an additional 736 shares during the last quarter. Hourglass Capital LLC increased its stake in shares of Western Digital by 26.7% during the 1st quarter. Hourglass Capital LLC now owns 3,800 shares of the data storage provider’s stock worth $351,000 after purchasing an additional 800 shares during the last quarter. Harwood Advisory Group LLC increased its stake in shares of Western Digital by 7.5% during the 4th quarter. Harwood Advisory Group LLC now owns 11,657 shares of the data storage provider’s stock worth $927,000 after purchasing an additional 814 shares during the last quarter. Finally, Point View Wealth Management Inc. increased its stake in shares of Western Digital by 5.7% during the 1st quarter. Point View Wealth Management Inc. now owns 15,904 shares of the data storage provider’s stock worth $1,467,000 after purchasing an additional 864 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Several equities research analysts have recently issued reports on WDC shares. BidaskClub upgraded shares of Western Digital from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. Guggenheim set a $125.00 price target on shares of Western Digital and gave the stock a “buy” rating in a research note on Friday, April 27th. Maxim Group restated a “buy” rating and set a $150.00 price target on shares of Western Digital in a research note on Friday, April 27th. Benchmark restated a “buy” rating and set a $130.00 price target on shares of Western Digital in a research note on Friday, April 27th. Finally, BTIG Research restated a “buy” rating on shares of Western Digital in a research note on Sunday, April 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $111.22.

In related news, EVP Srinivasan Sivaram sold 63,879 shares of Western Digital stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $86.36, for a total value of $5,516,590.44. Following the transaction, the executive vice president now owns 110,910 shares in the company, valued at approximately $9,578,187.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen D. Milligan sold 16,510 shares of Western Digital stock in a transaction on Monday, May 14th. The stock was sold at an average price of $80.94, for a total transaction of $1,336,319.40. Following the completion of the transaction, the chief executive officer now owns 84,624 shares in the company, valued at approximately $6,849,466.56. The disclosure for this sale can be found here. Insiders have sold a total of 107,830 shares of company stock valued at $9,174,733 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Western Digital opened at $80.51 on Wednesday, according to Marketbeat. Western Digital Corp has a 52-week low of $75.96 and a 52-week high of $106.96. The company has a quick ratio of 1.76, a current ratio of 2.39 and a debt-to-equity ratio of 0.98. The firm has a market cap of $24.12 billion, a PE ratio of 10.19, a P/E/G ratio of 0.32 and a beta of 1.02.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 26th. The data storage provider reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. Western Digital had a net margin of 0.98% and a return on equity of 34.22%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.93 billion. During the same period in the previous year, the firm posted $2.39 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. equities analysts expect that Western Digital Corp will post 13.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, June 28th. Western Digital’s dividend payout ratio is currently 25.32%.

About Western Digital

Western Digital Corporation, together with its subsidiaries, develops, manufactures, and sells data storage devices and solutions worldwide. It offers performance hard disk drives (HDDs) that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments.

Want to see what other hedge funds are holding WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corp (NASDAQ:WDC).

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

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

Leave a Reply