Mutual of America Capital Management LLC lowered its position in Western Digital Co. (NASDAQ:WDC – Free Report) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,176 shares of the data storage provider’s stock after selling 1,335 shares during the period. Mutual of America Capital Management LLC’s holdings in Western Digital were worth $3,120,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of WDC. Rise Advisors LLC purchased a new stake in shares of Western Digital during the 1st quarter valued at about $25,000. Fairfield Financial Advisors LTD bought a new position in Western Digital in the second quarter worth approximately $29,000. Fidelis Capital Partners LLC purchased a new position in shares of Western Digital during the 1st quarter worth $30,000. SOA Wealth Advisors LLC. bought a new stake in shares of Western Digital during the 1st quarter valued at $31,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Western Digital in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.
Insider Activity
In related news, EVP Robert Soderbery sold 12,154 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $57.09, for a total transaction of $693,871.86. Following the transaction, the executive vice president now directly owns 128,413 shares in the company, valued at approximately $7,331,098.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Gene M. Zamiska sold 417 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $64.89, for a total transaction of $27,059.13. Following the completion of the sale, the senior vice president now directly owns 28,870 shares of the company’s stock, valued at $1,873,374.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Soderbery sold 12,154 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $57.09, for a total transaction of $693,871.86. Following the completion of the transaction, the executive vice president now owns 128,413 shares in the company, valued at $7,331,098.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,955 shares of company stock valued at $1,053,560. 0.28% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on WDC
Western Digital Stock Down 0.7 %
Shares of NASDAQ:WDC opened at $66.29 on Tuesday. The company has a 50-day moving average price of $64.43 and a 200 day moving average price of $69.54. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. Western Digital Co. has a 12 month low of $35.62 and a 12 month high of $81.55. The company has a market cap of $21.65 billion, a price-to-earnings ratio of -13.34 and a beta of 1.39.
Western Digital (NASDAQ:WDC – Get Free Report) last released its earnings results on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.17. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.77 billion. Western Digital had a negative return on equity of 2.63% and a negative net margin of 3.75%. As a group, equities research analysts predict that Western Digital Co. will post 7.75 earnings per share for the current year.
Western Digital 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.
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