S.A. Mason LLC Makes New $45,000 Investment in Western Digital Co. (NASDAQ:WDC)

S.A. Mason LLC purchased a new stake in Western Digital Co. (NASDAQ:WDC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 760 shares of the data storage provider’s stock, valued at approximately $45,000.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WDC shares. Rosenblatt Securities lowered their price target on shares of Western Digital from $115.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Robert W. Baird decreased their target price on shares of Western Digital from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Mizuho cut their price target on Western Digital from $90.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Susquehanna decreased their price objective on Western Digital from $83.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Wells Fargo & Company reduced their price target on Western Digital from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.21.

Western Digital Stock Down 1.0 %

Shares of Western Digital stock opened at $65.13 on Monday. Western Digital Co. has a 12-month low of $52.77 and a 12-month high of $81.55. The firm has a market capitalization of $22.52 billion, a PE ratio of 15.51 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average is $65.67 and its 200-day moving average is $65.40.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.36). Western Digital had a net margin of 9.95% and a return on equity of 15.68%. Equities analysts anticipate that Western Digital Co. will post 5.16 earnings per share for the current year.

Insider Buying and Selling

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

Western Digital 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.