Shares outperforming today's market: Western Digital Corporation (WDC)

Joann Johnston
December 8, 2017

It also increased its holding in Cooper Std (NYSE:CPS) by 3,423 shares in the quarter, for a total of 5,302 shares, and has risen its stake in Wesco Intl (NYSE:WCC). About 3.52 million shares traded. State Of Wisconsin Investment Board reported 332,305 shares. The institutional investor held 2.28M shares of the catalog and specialty distribution company at the end of 2017Q2, valued at $24.02 million, up from 2.10M at the end of the previous reported quarter.

Currently, 0.30% of Western Digital Corporation (NASDAQ:WDC) are owned by insiders with 85.26% six-month change in the insider ownership. The investor is now holding $8.86 million shares due in part to a decrease of 481523 new shares in their portfolio. Mizuho reiterated a "buy" rating on shares of Western Digital Corp in a research note on Friday, May 19th. The company was maintained on Monday, June 26 by BMO Capital Markets. The fund owned 47,322 shares of the data storage provider's stock after buying an additional 13,552 shares during the period.

Van Hulzen Asset Management Llc decreased Coca Cola (NYSE:KO) stake by 65,533 shares to 16,743 valued at $751,000 in 2017Q2. The rating was upgraded by Maxim Group on Tuesday, June 7 to "Buy". Whirlpool had 27 analyst reports since August 13, 2015 according to SRatingsIntel.

Western Digital declared that its board has approved a share buyback plan on Thursday, November 9th that authorizes the company to buyback $2.10 billion in shares. Invesco holds 2.85M shares or 0.08% of its portfolio. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since December 7, 2016 and is uptrending. The firm has "Buy" rating by Lake Street given on Friday, August 26.

The stock decreased 0.11% or $0.09 during the last trading session, reaching $78.47. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Western Digital by 18.3% during the 2nd quarter. Herndon Capital Management Llc who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $23.24 billion market cap company. Bbva Compass Bancorporation Incorporated holds 0.01% or 2,422 shares. The firm earned "Buy" rating on Monday, March 21 by UBS. Parametric Associates Limited Com holds 871,307 shares. After $0.13 actual earnings per share reported by Carbonite, Inc. for the previous quarter, Wall Street now forecasts 46.15% EPS growth. The firm has a market cap of $22,808.10, a price-to-earnings ratio of 7.74 and a beta of 1.10. Coastline Tru accumulated 0.18% or 11,356 shares.

Syracuse-Notre Dame football game moved to Yankee Stadium
Next, Notre Dame will travel to take on Wake Forest at Bank of America Stadium in Charlotte, North Carolina on September 26. However, the Irish sacrificing a home game the week before Thanksgiving is a little bit of an unexpected development.

CarMax (KMX) Now Covered by Analysts at Moffett Nathanson
Following the sale, the senior vice president now directly owns 7,475 shares of the company's stock, valued at $552,776.25. After having $0.98 EPS previously, CarMax Inc.'s analysts see -17.35 % EPS growth. (NYSE:KMX) or 9,602 shares.

Array Biopharma Incorporated (NASDAQ:ARRY) Just Reported Decreased Shorts
Relative volume is the comparison of current volume to average volume for the same time of day, and it's displayed as a ratio. It has outperformed by 159.81% the S&P500.The move comes after 5 months positive chart setup for the $2.16 billion company.

Shares of Western Digital Corporation (NASDAQ:WDC) have seen a movement of -0.89% in the most recent session. It has outperformed by 109.15% the S&P500. It also upped Biotelemetry Inc (NASDAQ:BEAT) stake by 67,626 shares and now owns 157,960 shares. Gemmer Asset Management Lc has invested 0.02% in Western Digital Corporation (NASDAQ:WDC). CARB's profit will be $5.31 million for 30.39 P/E if the $0.19 EPS becomes a reality. Pra Group Inc (NASDAQ:PRAA) was raised too. Northern Trust Corporation stated it has 336,735 shares. Telemus Capital Llc holds 0.18% or 14,877 shares in its portfolio. Sprott reported 124,175 shares. 203 were reported by Ironwood Limited Liability Corp.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Seekingalpha.com which released: "Toshiba, Western Digital close to settling dispute" on December 01, 2017, also Livetradingnews.com with their article: "Western Digital Corp (NASDAQ:WDC) Heffx Technical Analysis" published on December 01, 2017, Streetinsider.com published: "Wells Fargo Resumes Western Digital Corp". Prudential Financial holds 0.1% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 744,490 shares. Blackrock Inc stated it has 18.47M shares. Messner Smith Theme Value Ltd Ca accumulated 10,742 shares. Moreover, Wellington Mngmt Gru Ltd Liability Partnership has 0.02% invested in Western Digital Corporation (NASDAQ:WDC) for 723,056 shares. Salient Communications Lta reported 0.18% stake. Point72 Asia (Hong Kong) Limited reported 63 shares stake. Apriem Advsr reported 1.83% stake. Vetr cut shares of Western Digital from a "buy" rating to a "hold" rating and set a $95.09 target price on the stock.in a report on Tuesday, November 21st. Western Digital Corp now has $23.15B valuation.

Since June 12, 2017, it had 0 insider purchases, and 1 sale for $962,385 activity. The stock was sold at an average price of $84.99, for a total transaction of $612,607.92. Goldman Sachs has "Neutral" rating and $55 target. Therefore 30% are positive. Barclays Capital maintained the stock with "Overweight" rating in Thursday, September 29 report.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. On Sunday, October 8 the stock rating was maintained by Mizuho with "Buy". Maxim Group maintained the stock with "Buy" rating in Thursday, October 27 report. The rating was downgraded by Pacific Crest on Tuesday, April 19 to "Sector Weight". Finally, Cowen restated an "outperform" rating on shares of Western Digital in a research note on Saturday, August 26th. Six equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock.

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