BBR Partners LLC Acquires 5,000 Shares of Western Digital Co. (NASDAQ:WDC)

BBR Partners LLC grew its holdings in shares of Western Digital Co. (NASDAQ:WDC) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,000 shares of the data storage provider’s stock after buying an additional 5,000 shares during the quarter. BBR Partners LLC’s holdings in Western Digital were worth $894,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WDC. Private Advisor Group LLC grew its stake in shares of Western Digital by 27.7% during the third quarter. Private Advisor Group LLC now owns 4,317 shares of the data storage provider’s stock valued at $295,000 after buying an additional 936 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Western Digital by 137.9% in the third quarter. Janney Montgomery Scott LLC now owns 43,575 shares of the data storage provider’s stock valued at $2,976,000 after purchasing an additional 25,262 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Western Digital by 6.0% in the third quarter. Van ECK Associates Corp now owns 4,696 shares of the data storage provider’s stock valued at $313,000 after purchasing an additional 267 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Western Digital by 5.4% in the third quarter. Asset Management One Co. Ltd. now owns 132,201 shares of the data storage provider’s stock valued at $9,028,000 after purchasing an additional 6,762 shares during the period. Finally, Radnor Capital Management LLC purchased a new stake in shares of Western Digital in the third quarter valued at approximately $246,000. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Performance

Shares of WDC opened at $41.45 on Friday. Western Digital Co. has a 12 month low of $39.58 and a 12 month high of $61.16. The stock has a fifty day moving average price of $62.44 and a 200-day moving average price of $64.86. 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 firm has a market cap of $14.42 billion, a PE ratio of 9.87 and a beta of 1.42.

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

Analysts Set New Price Targets

WDC has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $95.00 price target on shares of Western Digital in a report on Tuesday, February 18th. Mizuho lowered their price target on Western Digital from $90.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Robert W. Baird lowered their price target on Western Digital from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. StockNews.com assumed coverage on Western Digital in a report on Wednesday, February 26th. They issued a “buy” rating for the company. Finally, UBS Group upped their target price on Western Digital from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.05.

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.