Investment Research Analysts Opinion: Western Digital Corporation (WDC), McKesson Corporation (MCK)

Mindy Sparks
November 13, 2017

First Republic Investment Management Inc sold 21,305 shares as Western Digital Corp (WDC)'s stock rose 15.69%. The hedge fund run by James Dinan held 140,347 shares of the electronic components company at the end of 2017Q2, valued at $12.44M, up from 105,690 at the end of the previous reported quarter.

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry.

In related news, Director Kathleen A. Cote sold 2,000 shares of the company's stock in a transaction dated Wednesday, November 1st.

Western Digital Corporation (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, October 26th. It has outperformed by 109.15% the S&P500.


Bay Bancorp Incorporated (NASDAQ:BYBK) had a decrease of 56.52% in short interest. BIOS's SI was 12.58 million shares in November as released by FINRA. With 2.02M avg volume, 2 days are for Broadcom Limited Ord (NASDAQ:AVGO)'s short sellers to cover AVGO's short positions. Lmr Ptnrs Llp reported 0.06% stake.

The stock increased 0.15% or $0.03 on November 10, reaching $19.48. About 781,985 shares traded. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since November 12, 2016 and is uptrending. It has outperformed by 21.91% the S&P500.

Investors sentiment increased to 1.12 in Q2 2017. The data storage provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.05 by $0.13. At present, 9 analysts recommended Holding these shares while 1 recommended sell, according to FactSet data. Huntington National Bank raised its stake in shares of Western Digital Corporation by 7.7% during the 2nd quarter. The latest exchange of 1.82 Million shares is below its average trading activity of 1.98 Million shares. Whittier Of Nevada, a Nevada-based fund reported 102 shares. $962,385 worth of Western Digital Corp (NASDAQ:WDC) was sold by CORDANO MICHAEL D on Monday, June 12. Swiss Bankshares holds 0.11% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 1.05 million shares. Nuveen Asset Management Limited holds 8,962 shares. Stephens Ar stated it has 31,358 shares. Prescott Grp Capital Mngmt Ltd has invested 0.19% of its portfolio in Western Digital Corp (NASDAQ:WDC). Horizon Ltd Co holds 0.01% or 22,217 shares in its portfolio. Clark Estates Ny invested in 38,200 shares or 0.58% of the stock. Finally, DNB Asset Management AS increased its position in shares of Western Digital Corp.by 168.9% in the second quarter. Gam Holding Ag holds 0.24% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 184,359 shares. Raymond James Trust N.A. now owns 5,516 shares of the data storage provider's stock valued at $260,000 after buying an additional 184 shares during the last quarter. 3,638 were reported by San Francisco Sentry Invest (Ca). Tradewinds Capital Ltd Com owns 1,111 shares or 0.05% of their U.S. portfolio. Signalpoint Asset Management Lc has invested 0.25% in Western Digital Corp (NASDAQ:WDC).

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 33% are positive. Summit Redstone reaffirmed a buy rating on shares of Western Digital Corporation in a report on Saturday, July 22nd. On Tuesday, June 27 the stock rating was maintained by Maxim Group with "Buy". On Thursday, October 5 the stock rating was maintained by RBC Capital Markets with "Outperform". As per Thursday, October 27, the company rating was upgraded by Bank of America. Morgan Stanley maintained the stock with "Equal-Weight" rating in Friday, May 27 report. The stock of Intelsat SA (NYSE:I) earned "Outperform" rating by RBC Capital Markets on Wednesday, January 25. The company was maintained on Tuesday, October 20 by Needham. Also, EVP Srinivasan Sivaram sold 3,098 shares of the company's stock in a transaction dated Wednesday, August 16th. The firm earned "Buy" rating on Wednesday, December 7 by Deutsche Bank. On Thursday, October 29 the stock rating was maintained by Stifel Nicolaus with "Buy". Another trade for 524 shares valued at $48,365 was sold by RAY MICHAEL CHARLES. Amica Mutual Ins reported 0.15% of its portfolio in Western Digital Corp (NASDAQ:WDC). On Monday, May 15 LONG MARK P sold $271,664 worth of Western Digital Corp (NASDAQ:WDC) or 3,034 shares. It worsened, as 61 investors sold LLY shares while 400 reduced holdings. Its the same as in 2017Q1. Gradient Invs Llc, a Minnesota-based fund reported 1,147 shares. Parsec Finance Mgmt reported 52,705 shares. Clearbridge Ltd owns 9.35M shares for 0.81% of their portfolio. Norinchukin Retail Bank The accumulated 0.04% or 20,211 shares. 78,118 are held by Qs Ltd Liability Co. Sumitomo Life Insur, Japan-based fund reported 15,027 shares. Schroder Invest Group Inc owns 902,431 shares. The SI to Bay Bancorp Incorporated's float is 0.02%. Scott And Selber Inc has invested 2.33% in Broadcom Ltd (NASDAQ:AVGO). Shareholders of record on Friday, December 29th will be issued a $0.50 dividend. Nine analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Therefore 96% are positive. Analysts predict that Western Digital Corp. will post $7.06 EPS for the current fiscal year. The rating was maintained by Oppenheimer on Friday, June 3 with "Outperform". Barclays Capital maintained the shares of WDC in report on Tuesday, August 16 with "Overweight" rating. The original version of this story can be viewed at https://weekherald.com/2017/11/12/barclays-plc-raises-western-digital-corporation-wdc-price-target-to-133-00.html. Equity analyst Citigroup raised the price target of the stock on October 27 changing the forecast from $110.00 to $115.00 and issued a "Buy" recommendation. The rating was maintained by Guggenheim with "Buy" on Friday, July 28.

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