Western Digital Corporation (WDC) Holder Trustmark National Bank Trust Department Has Cut Its Position

May 18, 2018 - By Rita Stryker

Western Digital Corporation (NASDAQ:WDC) LogoInvestors sentiment decreased to 1.07 in Q4 2017. Its down 0.05, from 1.12 in 2017Q3. It fall, as 68 investors sold WDC shares while 219 reduced holdings. 82 funds opened positions while 224 raised stakes. 243.21 million shares or 1.21% more from 240.32 million shares in 2017Q3 were reported. Secor Cap Advsrs LP has invested 0.1% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Trexquant Limited Partnership holds 0.29% or 33,622 shares. Koshinski Asset Inc, Illinois-based fund reported 6,228 shares. Qci Asset Management Incorporated reported 5 shares stake. Cibc Asset Mgmt Inc reported 0.02% in Western Digital Corporation (NASDAQ:WDC). The Switzerland-based Argentiere Capital Ag has invested 0.74% in Western Digital Corporation (NASDAQ:WDC). California-based Strategic Advsrs Ltd Liability Company has invested 0.23% in Western Digital Corporation (NASDAQ:WDC). 55,576 are owned by Public Employees Retirement Association Of Colorado. Regentatlantic Capital Llc, New Jersey-based fund reported 50,105 shares. Lumina Fund Management reported 0.07% stake. Mutual Of America Cap Mgmt Ltd Com invested in 75,871 shares. Nuveen Asset Mgmt Ltd Liability Company reported 319,075 shares stake. Florida-based Raymond James And has invested 0.1% in Western Digital Corporation (NASDAQ:WDC). Apriem Advisors holds 53,325 shares or 1.05% of its portfolio. Trust Commerce Of Vermont has 0% invested in Western Digital Corporation (NASDAQ:WDC).

Since January 29, 2018, it had 0 insider purchases, and 14 insider sales for $26.76 million activity. 4,386 shares were sold by RAY MICHAEL CHARLES, worth $336,143. LONG MARK P also sold $376,037 worth of Western Digital Corporation (NASDAQ:WDC) on Monday, February 5. LAMBERT MICHAEL D sold $991,202 worth of stock or 11,542 shares. $942,109 worth of Western Digital Corporation (NASDAQ:WDC) was sold by Sivaram Srinivasan on Friday, February 16.

Trustmark National Bank Trust Department decreased its stake in Western Digital Corporation (WDC) by 32.22% based on its latest 2017Q4 regulatory filing with the SEC. Trustmark National Bank Trust Department sold 41,723 shares as the company’s stock rose 14.25% while stock markets declined. The institutional investor held 87,777 shares of the electronic components company at the end of 2017Q4, valued at $6.98 million, down from 129,500 at the end of the previous reported quarter. Trustmark National Bank Trust Department who had been investing in Western Digital Corporation for a number of months, seems to be less bullish one the $25.78B market cap company. The stock decreased 0.44% or $0.38 during the last trading session, reaching $86.14. About 166,706 shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since May 18, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Trustmark National Bank Trust Department, which manages about $2.00 billion and $911.51 million US Long portfolio, upped its stake in Vanguard (VWO) by 76,267 shares to 712,035 shares, valued at $32.69 million in 2017Q4, according to the filing.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on July, 26. They expect $3.19 earnings per share, up 21.29 % or $0.56 from last year’s $2.63 per share. WDC’s profit will be $954.59 million for 6.75 P/E if the $3.19 EPS becomes a reality. After $3.36 actual earnings per share reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts -5.06 % negative EPS growth.

More recent Western Digital Corporation (NASDAQ:WDC) news were published by: Streetinsider.com which released: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” on May 15, 2018. Also Nasdaq.com published the news titled: “China Eases the Pressure on Qualcomm’s NXP Deal” on May 15, 2018. Investorplace.com‘s news article titled: “3 Stocks to Buy Before They Break Out” with publication date: May 14, 2018 was also an interesting one.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Among 20 analysts covering Western Digital (NASDAQ:WDC), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Western Digital had 33 analyst reports since November 27, 2017 according to SRatingsIntel. On Tuesday, March 13 the stock rating was maintained by Guggenheim with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Friday, February 23. The rating was maintained by Benchmark with “Buy” on Friday, April 27. Mizuho maintained it with “Buy” rating and $105.0 target in Friday, January 26 report. UBS initiated Western Digital Corporation (NASDAQ:WDC) rating on Tuesday, March 6. UBS has “Hold” rating and $90.0 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, April 27 report. As per Tuesday, January 23, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Evercore given on Wednesday, December 13. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, December 13 report. The rating was maintained by Mizuho with “Buy” on Friday, February 2.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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