Western Digital Corporation (WDC) Downgraded by Vetr Inc

Lloyd Doyle
October 13, 2017

$1.86 million worth of stock was sold by DeMaria Jacqueline on Monday, May 1. The Rmb Capital Management Llc holds 10,760 shares with $906,000 value, down from 96,000 last quarter. 3M Corp now has $129.32 billion valuation. It closed at $1.87 lastly. Gabelli Convertbl and Incm Scrts Fnd Inc (GCV) has risen 13.26% since October 11, 2016 and is uptrending. It has outperformed by 6.31% the S&P500. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Therefore 15% are positive. Western Digital Corporation has a 12-month low of $52.10 and a 12-month high of $95.77. The average 1-year price objective among analysts that have covered the stock in the last year is $98.05.

Western Digital Corporation (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, July 27th. Mizuho maintained the stock with "Buy" rating in Sunday, October 8 report. The firm has "Neutral" rating given on Thursday, July 20 by Bank of America. Wfg Advsr L P has invested 0.02% in Western Digital Corp (NASDAQ:WDC). The stock of Western Digital Corp (NASDAQ:WDC) has "Buy" rating given on Tuesday, October 10 by RBC Capital Markets. Benchmark maintained Western Digital Corp (NASDAQ:WDC) rating on Friday, July 28. UBS maintained the shares of WDC in report on Thursday, October 12 with "Neutral" rating. The stock has "Buy" rating by Sterne Agee CRT on Tuesday, September 29. After having $-0.11 EPS previously, Approach Resources Inc.'s analysts see -9.09% EPS growth. Shareholders of record on Friday, September 29th will be given a dividend of $0.50 per share. Its up 0.10, from 0.81 in 2017Q1. It improved, as 27 investors sold MRVL shares while 103 reduced holdings. 93 funds opened positions while 256 raised stakes. The institutional investor held 22,908 shares of the consumer services company at the end of 2017Q2, valued at $1.34M, down from 28,809 at the end of the previous reported quarter. (NASDAQ:NFLX). Commonwealth Bank & Trust Of invested 0% of its portfolio in Netflix, Inc. Pioneer Inv Mgmt, Massachusetts-based fund reported 294,312 shares. Quantitative Mgmt Limited Co invested in 0.29% or 215,200 shares.

Windsor Capital Management Llc holds 0.74% of its portfolio in Gabelli Convertbl and Incm Scrts Fnd Inc for 287,070 shares. (NASDAQ:NFLX). Veritable L P reported 10,322 shares. Overbrook Mngmt Corp holds 0.62% or 34,401 shares in its portfolio. Telemus Cap Ltd Liability Corporation holds 14,877 shares. Autus Asset Management holds 0.38% or 8,962 shares. The legal version of this news story can be read at https://baseballnewssource.com/markets/mizuho-reaffirms-buy-rating-for-western-digital-corporation-wdc/1703635.html. Following the sale, the executive vice president now directly owns 102,202 shares of the company's stock, valued at $9,114,374.36. California-based Bailard has invested 0.21% in 3M Co (NYSE:MMM). Capital Analysts LLC bought a new position in shares of Western Digital Corporation during the second quarter worth about $2,777,000. Therefore 21% are positive. 3M had 57 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, September 13 the stock rating was downgraded by Summit Redstone Partners to "Hold".

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Barclays Capital has "Overweight" rating and $100 target. The firm earned "Hold" rating on Monday, August 21 by Jefferies. Jefferies maintained it with "Buy" rating and $21900 target in Friday, May 26 report. Credit Suisse has "Buy" rating and $237.0 target. On Wednesday, June 15 the stock rating was reinitiated by JP Morgan with "Neutral". Evercore has "Hold" rating and $49 target. The firm has "Buy" rating given on Thursday, January 21 by Citigroup. Another trade for 4,959 shares valued at $447,996 was sold by CORDANO MICHAEL D. Analysts anticipate that Western Digital Corporation will post $12.40 earnings per share for the current fiscal year. Alliancebernstein Ltd Partnership holds 0.08% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 1.23M shares. WDC's profit would be $885.42 million giving it 7.14 P/E if the $3.00 EPS is correct. Western Digital Corp now has $25.27B valuation. SRS Capital Advisors Inc. now owns 1,453 shares of the data storage provider's stock valued at $119,000 after buying an additional 306 shares during the last quarter. The Company's portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). It has a 239.44 P/E ratio. It is down 0.00% since October 12, 2016 and is. It has outperformed by 109.15% the S&P500.


Investors sentiment increased to 1.15 in Q2 2017. Its down 0.11, from 1.33 in 2017Q1. It increased, as 41 investors sold WDC shares while 243 reduced holdings. LLC raised its position in Western Digital Corporation by 52.6% during the 2nd quarter. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. About 14,834 shares traded. Gamco Investors Inc. Et Al owns 894,049 shares or 0.03% of their United States portfolio. Shelton Management reported 23,347 shares or 0.15% of all its holdings.

Western Digital Corporation (NASDAQ WDC) opened at 85.76 on Tuesday. Mizuho maintained Western Digital Corp (NASDAQ:WDC) rating on Thursday, January 26. Quantitative Systematic Strategies Lc owns 7,665 shares. Mason Street Limited Liability invested 0.09% in Western Digital Corp (NASDAQ:WDC). First Interstate Retail Bank stated it has 225 shares.

Since April 28, 2017, it had 0 insider buys, and 13 sales for $16.65 million activity. RAY MICHAEL CHARLES sold $122,222 worth of stock. Another trade for 13,295 shares valued at $1.16 million was sold by BHATIA MANISH H. Adage Prtn Grp Incorporated Ltd Company has 0.11% invested in Western Digital Corp (NASDAQ:WDC). Also, EVP Srinivasan Sivaram sold 40,182 shares of the business's stock in a transaction that occurred on Thursday, May 4th.

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