Decker Retirement Planning Inc. Has $3.39 Million Stock Holdings in Western Digital Corporation $WDC

Decker Retirement Planning Inc. decreased its holdings in shares of Western Digital Corporation (NASDAQ:WDCFree Report) by 27.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,653 shares of the data storage provider’s stock after selling 7,620 shares during the period. Western Digital makes up about 1.7% of Decker Retirement Planning Inc.’s portfolio, making the stock its 22nd largest position. Decker Retirement Planning Inc.’s holdings in Western Digital were worth $3,386,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Avion Wealth raised its holdings in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after buying an additional 113 shares during the last quarter. ORG Partners LLC raised its holdings in Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after buying an additional 204 shares during the last quarter. Grove Bank & Trust acquired a new position in Western Digital during the third quarter worth $30,000. Finally, Westfuller Advisors LLC acquired a new position in Western Digital during the third quarter worth $30,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

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Western Digital Stock Performance

NASDAQ WDC opened at $366.22 on Wednesday. Western Digital Corporation has a 52-week low of $35.00 and a 52-week high of $366.30. The company has a 50-day simple moving average of $287.43 and a 200 day simple moving average of $212.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The company has a market capitalization of $124.16 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 0.81 and a beta of 1.77.

Western Digital (NASDAQ:WDCGet Free Report) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the company posted $1.77 earnings per share. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. On average, research analysts predict that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were paid a $0.125 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is presently 5.02%.

Insider Buying and Selling at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $255.44, for a total value of $5,108,800.00. Following the completion of the transaction, the chief executive officer owned 623,586 shares in the company, valued at $159,288,807.84. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the transaction, the insider owned 121,682 shares of the company’s stock, valued at $32,643,630.14. The trade was a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,795 shares of company stock worth $24,265,884 over the last three months. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WDC shares. Argus set a $300.00 target price on shares of Western Digital in a report on Tuesday, February 3rd. Barclays increased their target price on shares of Western Digital from $240.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Citigroup increased their target price on shares of Western Digital to $405.00 and gave the company a “buy” rating in a report on Monday. Wedbush reiterated an “outperform” rating and issued a $325.00 target price on shares of Western Digital in a report on Monday, February 9th. Finally, Wells Fargo & Company increased their target price on shares of Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.33.

Read Our Latest Analysis on Western Digital

Western Digital Profile

(Free Report)

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.

See Also

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Institutional Ownership by Quarter for Western Digital (NASDAQ:WDC)

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