Chevy Chase Trust Holdings LLC Has $5.76 Million Stock Holdings in Western Digital Co. (NASDAQ:WDC)

Chevy Chase Trust Holdings LLC lessened its holdings in Western Digital Co. (NASDAQ:WDC – Get Rating) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,699 shares of the data storage provider’s stock after selling 8,526 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Western Digital worth $5,764,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Western Digital during the 1st quarter valued at $57,000. Signaturefd LLC raised its position in Western Digital by 199.3% during the 4th quarter. Signaturefd LLC now owns 1,218 shares of the data storage provider’s stock worth $38,000 after purchasing an additional 811 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Western Digital during the 4th quarter worth $49,000. Dupont Capital Management Corp raised its position in Western Digital by 71.6% during the 4th quarter. Dupont Capital Management Corp now owns 1,620 shares of the data storage provider’s stock worth $51,000 after purchasing an additional 676 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Western Digital by 310.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,050 shares of the data storage provider’s stock worth $65,000 after purchasing an additional 1,551 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $38.32 on Monday. Western Digital Co. has a twelve month low of $29.73 and a twelve month high of $63.00. The stock’s 50 day moving average price is $35.13 and its 200-day moving average price is $36.65. The company has a market capitalization of $12.26 billion, a PE ratio of -17.50 and a beta of 1.69. The company has a quick ratio of 0.86, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Raymond James assumed coverage on Western Digital in a research report on Wednesday, March 1st. They set an “outperform” rating and a $46.00 target price for the company. BNP Paribas raised Western Digital from an “underperform” rating to a “neutral” rating and set a $42.00 target price for the company in a research report on Monday, January 23rd. UBS Group lowered their price objective on Western Digital from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, April 24th. TheStreet lowered Western Digital from a “c-” rating to a “d+” rating in a research report on Thursday, May 11th. Finally, Mizuho lowered their price objective on Western Digital from $50.00 to $45.00 in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.67.

Western Digital Profile

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Western Digital Corp. engages in the development, manufacture, marketing, and sale of data storage devices and solutions. It operates through the Flash and Hard Disk Drive segments. The Flash segment represents flash-based data storage devices. The Hard Disk Drive segment provides hard disk storage solutions.