Western Digital (WDC) Announces Quarterly Earnings Results

United Capital Financial Advisers Llc bought 3,208 shares as the company's stock rose 4.41% with the market. During the same period in the previous year, the firm posted $2.30 earnings per share. The stock increased 2.07% or $2.02 during the last trading session, reaching $99.67. The insider BHATIA MANISH H sold 20,130 shares worth $1.66 million. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 10, 2017 and is uptrending. It has outperformed by 6.84% the S&P500. Western Digital's payout ratio is 165.29%. Cornerstone Investment Partners Llc bought 639,298 shares as the company's stock rose 15.69% with the market. The institutional investor held 8,610 shares of the electronic components company at the end of 2017Q3, valued at $744,000, up from 4,823 at the end of the previous reported quarter. Western Digital has a 12-month low of $71.38 and a 12-month high of $95.77. The stock increased 0.62% or $0.5 during the last trading session, reaching $80.59. About 4.63M shares traded or 6.73% up from the average.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Investorplace.com which released: "Western Digital Corp Stock Is a Sell Going Into Earnings" on January 25, 2018, also Gurufocus.com with their article: "Western Digital Corp (WDC) CEO Stephen D Milligan Sold $8 million of Shares" published on February 01, 2018, Businesswire.com published: "Western Digital Board Declares Dividend for Third Fiscal Quarter 2018" on January 29, 2018. It has outperformed by 109.15% the S&P500.

Investors sentiment is 1.12 in Q3 2017. Its up 0.08, from 0.98 in 2017Q2. Koshinski Asset Mgmt reported 7,518 shares. Shares for $43.15 million were sold by COOK TIMOTHY D. Commonwealth Equity Svcs has 59,929 shares. Investors of record on Friday, March 30th will be given a dividend of $0.50 per share. Gotham Asset Limited Liability Company holds 0.58% or 459,119 shares. 68,103 were accumulated by Forte Cap Limited Liability Adv. Toronto Dominion Commercial Bank holds 0.03% of its portfolio in Cerner Corporation (NASDAQ:CERN) for 120,605 shares. Fred Alger holds 0.81% or 2.00 million shares. World Investors reported 0.11% of its portfolio in The Hershey Company (NYSE:HSY). Raymond James Tru Na reported 214,344 shares. Counselors holds 102,838 shares. Argent holds 40,490 shares or 2.46% of its portfolio. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company's stock. Therefore 44% are positive. The company had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.31 billion. Deutsche Bank has "Buy" rating and $82 target. Susquehanna has "Hold" rating and $11800 target. The firm has "Sector Perform" rating given on Wednesday, August 5 by RBC Capital Markets. Susquehanna maintained it with "Hold" rating and $11500 target in Thursday, June 15 report. The stock has "Sell" rating by Zacks on Wednesday, August 12. The stock has "Hold" rating by Stifel Nicolaus on Monday, October 31. As per Wednesday, August 5, the company rating was downgraded by Wells Fargo. Morgan Stanley downgraded the stock to "Underweight" rating in Wednesday, January 10 report. The firm earned "Buy" rating on Tuesday, March 15 by Brean Capital. Janus Henderson Group PLC now owns 1,994,833 shares of the data storage provider's stock valued at $176,746,000 after purchasing an additional 1,164,954 shares during the last quarter. HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL sold $477.05 million worth of The Hershey Company (NYSE:HSY) on Thursday, August 24.

Joel Isaacson & Company Llc decreased its stake in Apple Inc (AAPL) by 2.39% based on its latest 2017Q3 regulatory filing with the SEC. (NASDAQ:AAPL) on Tuesday, October 3. Zacks Investment Research raised Western Digital from a "sell" rating to a "hold" rating in a report on Tuesday, October 24th. Therefore 66% are positive. Apple Inc. had 373 analyst reports since July 21, 2015 according to SRatingsIntel. BTIG Research maintained it with "Buy" rating and $12000 target in Friday, July 28 report. The company was maintained on Wednesday, June 21 by Mizuho. Finally, BidaskClub cut Western Digital from a "hold" rating to a "sell" rating in a research report on Thursday, December 7th. The rating was maintained by Jefferies on Thursday, June 1 with "Buy". The rating was upgraded by CLSA to "Underperform" on Thursday, July 30.

Since August 14, 2017, it had 0 buys, and 10 sales for $16.18 million activity. $126,713 worth of stock was sold by LONG MARK P on Monday, September 11. RAY MICHAEL CHARLES sold $3.04 million worth of Western Digital Corporation (NASDAQ:WDC) on Tuesday, January 30. $1.01 million worth of Apple Inc.

Investors sentiment increased to 0.7 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 65 investors sold WDC shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported. Pictet Asset Management Ltd has 0.04% invested in Western Digital Corporation (NASDAQ:WDC).

WDC has been the topic of several research reports. Manning Napier Advisors Ltd invested in 0.04% or 53,102 shares. Tru Department Mb Retail Bank N A owns 69 shares for 0% of their portfolio. Ny State Teachers Retirement reported 472,461 shares stake. Scout Invests holds 0.44% in Western Digital Corporation (NASDAQ:WDC) or 184,959 shares. Natixis reported 0.06% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Stack Financial Mngmt has 1.88% invested in Western Digital Corporation (NASDAQ:WDC). First Western Capital Mngmt, a California-based fund reported 14,514 shares. United Fin Advisers Ltd Co has 0.01% invested in Western Digital Corporation (NASDAQ:WDC). Robotti Robert accumulated 56,494 shares. The Manufacturers Life Insurance Company lifted its position in Western Digital by 1.6% in the second quarter. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 7,998 shares in the quarter, leaving it with 77,169 shares, and cut its stake in Ishares Tr (IWF).

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