Massmutual Trust Co. FSB ADV Purchases 256 Shares of Western Digital Co. (NASDAQ:WDC)

Massmutual Trust Co. FSB ADV boosted its position in Western Digital Co. (NASDAQ:WDC) by 28.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,171 shares of the data storage provider’s stock after buying an additional 256 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Western Digital were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Psagot Value Holdings Ltd. Israel bought a new stake in shares of Western Digital in the first quarter valued at about $26,000. ST Germain D J Co. Inc. bought a new stake in Western Digital in the 2nd quarter valued at about $26,000. Global Retirement Partners LLC grew its position in shares of Western Digital by 66.7% during the 1st quarter. Global Retirement Partners LLC now owns 1,072 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 429 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Western Digital by 1,885.7% during the first quarter. Addison Advisors LLC now owns 973 shares of the data storage provider’s stock worth $37,000 after purchasing an additional 924 shares during the period. Finally, Childress Capital Advisors LLC acquired a new stake in shares of Western Digital in the second quarter valued at approximately $45,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Western Digital Price Performance

Shares of NASDAQ WDC traded up $0.61 during mid-day trading on Friday, hitting $46.62. 3,469,866 shares of the stock traded hands, compared to its average volume of 7,361,730. The company has a market cap of $15.01 billion, a PE ratio of -6.09 and a beta of 1.59. Western Digital Co. has a twelve month low of $29.73 and a twelve month high of $47.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $44.03 and a two-hundred day simple moving average of $41.11.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Monday, October 30th. The data storage provider reported ($1.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.91) by $0.15. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.66 billion. Western Digital had a negative return on equity of 18.01% and a negative net margin of 21.34%. The business’s revenue for the quarter was down 26.4% on a year-over-year basis. During the same period last year, the firm posted ($0.02) earnings per share. As a group, equities research analysts forecast that Western Digital Co. will post -4.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Susquehanna increased their price target on Western Digital from $38.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. raised their price target on Western Digital from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. TheStreet raised shares of Western Digital from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Morgan Stanley reiterated an “overweight” rating and set a $52.00 price objective on shares of Western Digital in a research note on Tuesday, August 1st. Finally, Summit Insights raised shares of Western Digital from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.07.

Insider Buying and Selling at Western Digital

In related news, SVP Gene M. Zamiska sold 2,169 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $45.42, for a total value of $98,515.98. Following the completion of the sale, the senior vice president now directly owns 43,011 shares in the company, valued at $1,953,559.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Gene M. Zamiska sold 2,169 shares of Western Digital stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $45.42, for a total value of $98,515.98. Following the transaction, the senior vice president now directly owns 43,011 shares of the company’s stock, valued at $1,953,559.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robert Soderbery sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $42.49, for a total transaction of $849,800.00. Following the sale, the executive vice president now directly owns 221,158 shares of the company’s stock, valued at approximately $9,397,003.42. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Western Digital Company 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.