500 Shares in Western Digital Co. (NASDAQ:WDC) Bought by Comprehensive Financial Planning Inc. PA

Comprehensive Financial Planning Inc. PA purchased a new position in shares of Western Digital Co. (NASDAQ:WDC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 500 shares of the data storage provider’s stock, valued at approximately $30,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Western Digital by 3.2% during the third quarter. State Street Corp now owns 13,572,686 shares of the data storage provider’s stock worth $926,879,000 after buying an additional 423,651 shares during the last quarter. Geode Capital Management LLC increased its holdings in Western Digital by 1.0% during the third quarter. Geode Capital Management LLC now owns 7,921,608 shares of the data storage provider’s stock worth $539,355,000 after buying an additional 76,781 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Western Digital by 24.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,711,428 shares of the data storage provider’s stock valued at $253,453,000 after buying an additional 732,344 shares during the period. Maple Rock Capital Partners Inc. raised its position in shares of Western Digital by 13.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,287,400 shares of the data storage provider’s stock valued at $224,497,000 after purchasing an additional 383,390 shares during the period. Finally, Holocene Advisors LP lifted its holdings in Western Digital by 25.7% during the 3rd quarter. Holocene Advisors LP now owns 3,192,762 shares of the data storage provider’s stock worth $218,034,000 after purchasing an additional 651,847 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Stock Performance

Shares of WDC stock opened at $69.04 on Tuesday. Western Digital Co. has a 12 month low of $52.77 and a 12 month high of $81.55. The company has a current ratio of 1.99, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60. The company has a market cap of $24.01 billion, a P/E ratio of 16.44 and a beta of 1.44. The firm has a fifty day moving average price of $64.85 and a 200 day moving average price of $65.16.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.36). Western Digital had a return on equity of 15.68% and a net margin of 9.95%. Sell-side analysts predict that Western Digital Co. will post 4.89 earnings per share for the current fiscal year.

Insider Activity at Western Digital

In other news, SVP Gene M. Zamiska sold 658 shares of Western Digital stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total value of $46,053.42. Following the sale, the senior vice president now owns 28,863 shares of the company’s stock, valued at $2,020,121.37. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,347 shares of company stock worth $93,027 in the last 90 days. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Benchmark cut shares of Western Digital from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, December 19th. Morgan Stanley dropped their target price on shares of Western Digital from $100.00 to $93.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Citigroup cut their price objective on shares of Western Digital from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Barclays reduced their price target on shares of Western Digital from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Robert W. Baird lowered their price target on Western Digital from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.21.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.