Western Digital Corporation(WDC) is having a Dividend Yield of 2.63% with the Annual cash Dividend per share of $2. The last quarter cash dividend per share pay out was $0.5. Western Digital Corporation has a 5 year average dividend yield of 2.09% and the stock has a Indicated annual dividend of $2. Western Digital Corporation(WDC) has the most recent dividend payout ratio of 0.39 with a 5-year average payout ratio of 0.2. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.18. The 5 year historical dividend growth of Western Digital Corporation(WDC) is at the rate of 23.87% while the R-Squared dividend growth is 0.87. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Western Digital Corporation (NASDAQ:WDC) witnessed a decline in the market cap on Thursday as its shares dropped 0.08% or 0.06 points. After the session commenced at $76.5, the stock reached the higher end at $77.7 while it hit a low of $75.78. With the volume soaring to 2,946,385 shares, the last trade was called at $75.95. The company has a 52-week high of $81.6699. The company has a market cap of $21,879 million and there are 288,070,430 shares in outstanding. The 52-week low of the share price is $34.99. Western Digital Corporation has dropped 2.69% in the last five trading days, however, the shares have posted positive gains of 3.7% in the last 4 weeks. Western Digital Corporation is up 28.11% in the last 3-month period. Year-to-Date the stock performance stands at 11.77%.
Currently the company Insiders own 0.46% of Western Digital Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18% . Institutional Investors own 88.22% of Western Digital Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -23.91%. Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Michael D Cordano (President and COO) sold 5,896 shares at 79.00 per share price.On Jan 26, 2017, Stephen D Milligan (Chief Executive Officer) sold 68,419 shares at 77.46 per share price.On Dec 13, 2016, Manish H Bhatia (EVP, Silicon Operations) sold 23,898 shares at 67.98 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Jan 31, 2017 to Overweight, Raises Price Target to $ 100 from a previous price target of $93 .Company shares were Reiterated by Needham on Jan 26, 2017 to Strong Buy, Raises Price Target to $ 100 from a previous price target of $77 .Company shares were Reiterated by Maxim Group on Jan 26, 2017 to Buy, Raises Price Target to $ 104 from a previous price target of $93 .Company shares were Reiterated by Stifel on Jan 26, 2017 to Buy, Raises Price Target to $ 105 from a previous price target of $80 .Company shares were Reiterated by Mizuho on Jan 26, 2017 to Buy, Raises Price Target to $ 92 from a previous price target of $82 .
Western Digital Corp Last issued its quarterly earnings results on Jan 25, 2017. The company reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.18. Analyst had a consensus of $2.12. The company had revenue of $4888.00 million for the quarter, compared to analysts expectations of $4764.30 million. The companys revenue was up 47.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS.
Western Digital Corp. designs, develops, manufactures and markets a broad line of hard drives featuring leading-edge technology. The companys hard drives are designed for the desktop PC market and the high-end hard drive market and, recently, for the emerging market for hard drives specially designed for audio-visual applications, such as new video recording devices. The company sells its products worldwide to computer manufacturers for inclusion in their computer systems or subsystems and to distributors, resellers and retailers.