Published: Wed, May 16, 2018
Business | By Tara Barton

Guggenheim Analysts Set Western Digital (WDC) a $125.00 Target Price


The Financial stock (Citigroup Inc.) showed a change of -0.33 percent and finally close its business at $72.62 on Monday. Buckingham Capital Management Inc. raised its stake in Western Digital by 53.6% during the third quarter. 82 funds bought holdings and 224 increased holdings. 243.21 million shares or 1.21% more from 240.32 million shares in 2017Q3 were reported. 2,798 are owned by Lmr Prtn Llp. Freestone Lc has invested 0.05% in Western Digital Corporation (NASDAQ:WDC).

Over the past 50 days, Western Digital Corporation stock was -22.73% off of the high and 8.81% removed from the low. In other words, EPS reveals how profitable a company is on a share owner basis. Alliancebernstein Ltd Partnership accumulated 0.03% or 483,823 shs. Daiwa Sb Invs Limited holds 0.68% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 32,580 shares. Bowling Mgmt Ltd Liability stated it has 72,568 shs. Alps Advsrs holds 0% or 4,107 shares in its portfolio. Metropolitan Life Insur Ny, New York-based fund reported 47,781 shares. Jane Street Group Limited Liability Corporation holds 85,699 shares or 0.02% of its portfolio. Grimes And Co has invested 0.68% in Western Digital Corporation (NASDAQ:WDC). Also, CEO Stephen D. Milligan sold 2,291 shares of the stock in a transaction on Friday, March 9th.

In other news, CFO Mark P. Long sold 7,026 shares of the stock in a transaction on Friday, March 9th. After this sale, 137,425 common shares of WDC are directly owned by the insider, with total stake valued at $11,147,916. The company has market cap of $24.83 billion.

In an analyst note revealed to investors this morning, Evercore ISI reiterated their "Buy" rating on Western Digital (NASDAQ:WDC) shares. Western Digital has a consensus rating of "Buy" and an average target price of $112.38. Therefore 74% are positive. They presently have a $130.00 price target on the data storage provider's stock. Finally, Mizuho reissued a "buy" rating and issued a $110.00 price target (up from $105.00) on shares of Western Digital in a report on Friday, February 2nd. Insiders have sold a total of 112,962 shares of company stock valued at $10,950,430 over the last ninety days. The company was maintained on Friday, April 27 by Benchmark. The firm earned "Buy" rating on Wednesday, December 13 by Loop Capital Markets. Guggenheim restated a "buy" rating and set a $125.00 price target on shares of Western Digital in a research report on Thursday, February 1st. The firm has "Buy" rating by Stifel Nicolaus given on Sunday, August 6. It has outperformed by 5.77% the S&P500. Meiji Yasuda Life Insur Com has invested 0.13% in Western Digital Corporation (NASDAQ:WDC). The firm has "Hold" rating by Summit Redstone Partners given on Friday, January 26.

WDC traded up $1.86 during trading on Tuesday, reaching $82.98. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.93 billion. State Street invested 0.07% in Western Digital Corporation (NASDAQ:WDC).

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On 5/2/2018 NASDAQ:WDC - Western Digital announced a quarterly dividend of $0.50 2.61% with an ex dividend date of 6/28/2018 which will be payable on 7/16/2018. WDC's profit will be $954.60 million for 6.45 P/E if the $3.19 EPS becomes a reality. The data storage provider reported $3.63 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $3.31 by $0.32.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide.

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