BB&T Securities LLC Has $718,000 Holdings in Western Digital Corp (WDC)

BB&T Securities LLC lowered its stake in Western Digital Corp (NASDAQ:WDC) by 51.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,447 shares of the data storage provider’s stock after selling 20,223 shares during the quarter. BB&T Securities LLC’s holdings in Western Digital were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of WDC. Alpha Omega Wealth Management LLC boosted its stake in Western Digital by 4,440.0% in the 4th quarter. Alpha Omega Wealth Management LLC now owns 681 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 666 shares during the period. Avestar Capital LLC boosted its stake in Western Digital by 13.9% in the 4th quarter. Avestar Capital LLC now owns 1,993 shares of the data storage provider’s stock worth $48,000 after purchasing an additional 243 shares during the period. Essex Savings Bank bought a new position in Western Digital in the 4th quarter worth about $54,000. Hudock Capital Group LLC boosted its position in shares of Western Digital by 283.9% during the 4th quarter. Hudock Capital Group LLC now owns 2,330 shares of the data storage provider’s stock valued at $85,000 after acquiring an additional 1,723 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Western Digital by 387.0% during the 3rd quarter. Captrust Financial Advisors now owns 1,836 shares of the data storage provider’s stock valued at $108,000 after acquiring an additional 1,459 shares during the last quarter. Institutional investors and hedge funds own 84.18% of the company’s stock.

NASDAQ:WDC opened at $48.46 on Thursday. The company has a market capitalization of $13.86 billion, a P/E ratio of 3.59, a PEG ratio of 0.53 and a beta of 1.43. Western Digital Corp has a 1-year low of $33.83 and a 1-year high of $106.96. The company has a quick ratio of 1.45, a current ratio of 2.24 and a debt-to-equity ratio of 0.95.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, January 24th. The data storage provider reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.18. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.26 billion. Western Digital had a return on equity of 28.88% and a net margin of 4.34%. Western Digital’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.95 EPS. On average, equities analysts forecast that Western Digital Corp will post 4.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 4.13%. Western Digital’s dividend payout ratio (DPR) is currently 14.80%.

WDC has been the subject of a number of research analyst reports. Loop Capital dropped their price target on Western Digital to $80.00 and set an “average” rating for the company in a research report on Friday, October 26th. Citigroup dropped their price target on Western Digital from $106.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Robert W. Baird reiterated a “buy” rating and set a $55.00 price target on shares of Western Digital in a research report on Friday, November 9th. Craig Hallum upgraded Western Digital from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. Finally, Bank of America reiterated a “buy” rating and set a $68.00 price target (down previously from $75.00) on shares of Western Digital in a research report on Thursday, December 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $68.22.

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Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook PCs, security surveillance systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, IoT, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and iNAND embedded flash products, such as multi-chip package solutions.

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

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