Western Digital Co. (NASDAQ:WDC) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its stake in shares of Western Digital Co. (NASDAQ:WDC - Free Report) by 2,352.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,413 shares of the data storage provider's stock after purchasing an additional 8,070 shares during the period. Venturi Wealth Management LLC's holdings in Western Digital were worth $502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in shares of Western Digital by 5.4% in the third quarter. First Horizon Advisors Inc. now owns 2,929 shares of the data storage provider's stock valued at $200,000 after acquiring an additional 149 shares in the last quarter. Mather Group LLC. boosted its stake in Western Digital by 7.0% during the fourth quarter. Mather Group LLC. now owns 2,416 shares of the data storage provider's stock valued at $144,000 after buying an additional 159 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Western Digital by 1.4% during the fourth quarter. Vontobel Holding Ltd. now owns 11,804 shares of the data storage provider's stock valued at $704,000 after buying an additional 164 shares during the last quarter. Quarry LP boosted its stake in Western Digital by 22.6% during the third quarter. Quarry LP now owns 932 shares of the data storage provider's stock valued at $64,000 after buying an additional 172 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Western Digital by 4.3% during the fourth quarter. Inspire Investing LLC now owns 4,324 shares of the data storage provider's stock valued at $258,000 after buying an additional 177 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital Stock Performance

WDC stock traded down $2.58 during midday trading on Friday, reaching $68.71. The stock had a trading volume of 9,049,641 shares, compared to its average volume of 6,931,031. The stock has a market cap of $23.90 billion, a PE ratio of 16.36 and a beta of 1.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.99. The firm has a fifty day simple moving average of $64.78 and a two-hundred day simple moving average of $65.54. Western Digital Co. has a 52-week low of $52.77 and a 52-week high of $81.55.

Western Digital (NASDAQ:WDC - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share 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%. As a group, equities research analysts anticipate that Western Digital Co. will post 4.89 EPS for the current year.

Insider Buying and Selling at Western Digital

In related news, SVP Gene M. Zamiska sold 658 shares of Western Digital 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 transaction, the senior vice president now owns 28,863 shares in the company, valued at $2,020,121.37. The trade was a 2.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

WDC has been the subject of a number of research reports. Susquehanna dropped their price target on Western Digital from $83.00 to $72.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Wedbush reissued an "outperform" rating and set a $95.00 price target on shares of Western Digital in a research note on Monday, February 10th. Robert W. Baird dropped their price target on Western Digital from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Barclays decreased their price objective on Western Digital from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Rosenblatt Securities decreased their price objective on Western Digital from $115.00 to $95.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $84.42.

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.