Ruggie Capital Group continued to hold its position in shares of Western Digital Corporation (NASDAQ:WDC) during the second quarter, Holdings Channel reports. The fund owned 1,544 shares of the data storage provider’s stock at the end of the second quarter. Ruggie Capital Group’s holdings in Western Digital Corporation were worth $137,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Honkamp Krueger Financial Services Inc. boosted its position in shares of Western Digital Corporation by 0.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 4,571 shares of the data storage provider’s stock worth $405,000 after buying an additional 25 shares in the last quarter. Barry Investment Advisors LLC boosted its position in shares of Western Digital Corporation by 0.4% in the second quarter. Barry Investment Advisors LLC now owns 6,331 shares of the data storage provider’s stock worth $561,000 after buying an additional 26 shares in the last quarter. Cleararc Capital Inc. boosted its position in shares of Western Digital Corporation by 1.3% in the first quarter. Cleararc Capital Inc. now owns 7,045 shares of the data storage provider’s stock worth $581,000 after buying an additional 92 shares in the last quarter. Chicago Equity Partners LLC boosted its position in shares of Western Digital Corporation by 0.7% in the first quarter. Chicago Equity Partners LLC now owns 13,615 shares of the data storage provider’s stock worth $1,124,000 after buying an additional 95 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Western Digital Corporation by 1.1% in the first quarter. Strs Ohio now owns 9,902 shares of the data storage provider’s stock worth $817,000 after buying an additional 103 shares in the last quarter. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Western Digital Corporation (WDC) opened at 80.99 on Thursday. The firm’s 50 day moving average is $89.59 and its 200-day moving average is $84.36. Western Digital Corporation has a 52 week low of $43.29 and a 52 week high of $95.77. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 60.44 and a beta of 1.22. Western Digital Corporation also was the target of unusually large options trading activity on Monday. Investors bought 6,330 call options on the stock. This represents an increase of approximately 292% compared to the average daily volume of 1,613 call options.

Western Digital Corporation (NASDAQ:WDC) last announced its earnings results on Thursday, July 27th. The data storage provider reported $2.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.42. Western Digital Corporation had a net margin of 2.08% and a return on equity of 21.23%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The firm’s revenue was up 38.5% on a year-over-year basis. Equities research analysts predict that Western Digital Corporation will post $12.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, September 28th. Western Digital Corporation’s payout ratio is 156.25%.

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Several equities research analysts have commented on WDC shares. BMO Capital Markets restated a “buy” rating and issued a $104.00 price target on shares of Western Digital Corporation in a research note on Thursday, April 27th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $140.00 price target on shares of Western Digital Corporation in a research note on Wednesday, May 17th. Maxim Group restated a “buy” rating and issued a $108.00 price target on shares of Western Digital Corporation in a research note on Wednesday, June 21st. UBS AG restated a “neutral” rating and issued a $92.00 price target (up previously from $90.00) on shares of Western Digital Corporation in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Western Digital Corporation in a research note on Monday, June 12th. Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.93.

In related news, insider Mark P. Long sold 19,777 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $84.50, for a total transaction of $1,671,156.50. Following the completion of the transaction, the insider now owns 90,683 shares in the company, valued at $7,662,713.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacqueline Demaria sold 14,358 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $84.53, for a total transaction of $1,213,681.74. Following the transaction, the executive vice president now owns 75,772 shares of the company’s stock, valued at approximately $6,405,007.16. The disclosure for this sale can be found here. Insiders have sold 126,966 shares of company stock valued at $11,263,675 in the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

About Western Digital Corporation

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).

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

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