First Command Advisory Services Inc. Purchases 1,931 Shares of Western Digital Corporation $WDC

First Command Advisory Services Inc. purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,931 shares of the data storage provider’s stock, valued at approximately $878,000.

Several other institutional investors and hedge funds have also modified their holdings of WDC. Legal & General Group Plc bought a new position in Western Digital in the second quarter valued at about $1,602,927,000. Anther Capital Ltd bought a new position in shares of Western Digital in the second quarter worth about $901,601,000. Deutsche Bank AG bought a new position in shares of Western Digital in the second quarter worth about $885,565,000. Value Aligned Research Advisors LLC acquired a new stake in shares of Western Digital in the 1st quarter valued at approximately $350,403,000. Finally, Trivest Advisors Ltd acquired a new stake in shares of Western Digital in the 2nd quarter valued at approximately $627,606,000. 92.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Western Digital

In other news, insider Vidyadhara Gubbi sold 1,795 shares of Western Digital stock in a transaction on Friday, September 4th. The shares were sold at an average price of $459.87, for a total transaction of $825,466.65. Following the transaction, the insider owned 80,571 shares in the company, valued at approximately $37,052,185.77. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cynthia Tregillis sold 1,007 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $478.36, for a total transaction of $481,708.52. Following the completion of the sale, the insider directly owned 112,155 shares in the company, valued at approximately $53,650,465.80. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,436 shares of company stock valued at $2,440,664 in the last ninety days. Insiders own 0.20% of the company’s stock.

Western Digital Price Performance

Western Digital stock opened at $313.31 on Thursday. The business has a 50 day moving average of $397.39 and a 200-day moving average of $419.83. Western Digital Corporation has a 1 year low of $132.43 and a 1 year high of $799.87. The company has a market capitalization of $117.28 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.02 and a beta of 2.27.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, October 22nd. The data storage provider reported $4.64 EPS for the quarter, topping the consensus estimate of $4.11 by $0.53. Western Digital had a net margin of 69.20% and a return on equity of 55.62%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company earned $1.78 EPS. The firm’s revenue was up 55.5% compared to the same quarter last year. Equities analysts anticipate that Western Digital Corporation will post 23.62 EPS for the current year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.1750 per share. The ex-dividend date of this dividend is Friday, December 4th. This is an increase from Western Digital’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 0.2%. Western Digital’s payout ratio is 2.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Western Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Evercore reissued an “outperform” rating on shares of Western Digital in a research note on Friday, October 23rd. UBS Group restated a “buy” rating and issued a $625.00 target price on shares of Western Digital in a research report on Friday, October 23rd. Argus decreased their target price on shares of Western Digital from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Finally, Weiss Ratings downgraded shares of Western Digital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $591.04.

Latest Western Digital News

Here’s some of the latest news about WDC:

• Positive Sentiment: Western Digital’s latest outlook calls for quarterly revenue of $5.1 billion and gross margins of up to 61%, reinforcing expectations for strong demand and profitability. Western Digital Stocks Climb as AI Storage Names Rebound
• Positive Sentiment: A rebound across AI and storage hardware shares is helping WDC recover after a sharp pullback. Investors are also weighing its recent earnings beat, strong revenue growth, raised near-term outlook and dividend increase as signs of business momentum and cash generation. Why Western Digital Stock Is Up Today
• Neutral Sentiment: Commentary sees WDC’s valuation as potentially reasonable relative to its earnings, but notes that the stock’s steep gains over the past three years and recent volatility leave investors debating how much future growth is already reflected in the share price. Western Digital Stock Looks Reasonable Despite AI Data Center Fears

About Western Digital

Western Digital Corporation (NASDAQ: WDC) develops and supplies hard disk drives (HDDs) and related data-storage products. Its drives serve data centers and cloud providers, as well as businesses and consumers who need storage for computers, network-attached storage systems, surveillance and other applications. Its product brands include WD and Ultrastar. Founded in 1970, the company began as an electronics and semiconductor business before expanding into data storage. In February 2025, Western Digital completed the separation of its flash-memory business into the independently traded SanDisk Corporation, leaving Western Digital focused on HDDs.