Western Digital Corporation $WDC Stock Position Lowered by Kestra Advisory Services LLC

Kestra Advisory Services LLC cut its holdings in Western Digital Corporation (NASDAQ:WDC) by 22.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,022 shares of the data storage provider’s stock after selling 4,031 shares during the period. Kestra Advisory Services LLC’s holdings in Western Digital were worth $6,373,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WDC. Claro Advisors Inc. lifted its holdings in shares of Western Digital by 6.6% in the third quarter. Claro Advisors Inc. now owns 515 shares of the data storage provider’s stock worth $234,000 after buying an additional 32 shares in the last quarter. TFB Advisors LLC grew its position in shares of Western Digital by 2.3% during the 3rd quarter. TFB Advisors LLC now owns 2,311 shares of the data storage provider’s stock valued at $1,050,000 after purchasing an additional 52 shares in the last quarter. 3Chopt Investment Partners LLC increased its holdings in shares of Western Digital by 24.3% in the third quarter. 3Chopt Investment Partners LLC now owns 1,529 shares of the data storage provider’s stock worth $695,000 after purchasing an additional 299 shares during the period. Rakuten Investment Management Inc. increased its holdings in shares of Western Digital by 14.2% in the third quarter. Rakuten Investment Management Inc. now owns 94,958 shares of the data storage provider’s stock worth $43,062,000 after purchasing an additional 11,834 shares during the period. Finally, AIA Group Ltd bought a new position in shares of Western Digital in the third quarter worth $3,146,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Western Digital

In related news, insider Cynthia Tregillis sold 1,007 shares of Western Digital stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $478.36, for a total value of $481,708.52. Following the transaction, the insider owned 112,155 shares in the company, valued at $53,650,465.80. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara Gubbi sold 1,795 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $459.87, for a total transaction of $825,466.65. Following the completion of the sale, the insider directly owned 80,571 shares of the company’s stock, valued at $37,052,185.77. This represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,436 shares of company stock worth $2,440,664. 0.20% of the stock is owned by insiders.

Western Digital Price Performance

Shares of WDC opened at $313.31 on Thursday. The firm has a market cap of $117.28 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.02 and a beta of 2.27. The stock has a 50 day simple moving average of $397.39 and a two-hundred day simple moving average of $419.83. Western Digital Corporation has a 1 year low of $132.43 and a 1 year high of $799.87.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, October 22nd. The data storage provider reported $4.64 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.53. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Western Digital had a net margin of 69.20% and a return on equity of 55.62%. The business’s quarterly revenue was up 55.5% on a year-over-year basis. During the same period last year, the business earned $1.78 earnings per share. On average, equities analysts anticipate that Western Digital Corporation will post 23.62 earnings per share for the current year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be issued a dividend of $0.1750 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.2%. This is an increase from Western Digital’s previous quarterly dividend of $0.15. Western Digital’s payout ratio is 2.72%.

Top Western Digital Stories

Investors following WDC have been watching these stories:

• Positive Sentiment: Western Digital’s latest outlook calls for quarterly revenue of $5.1 billion and gross margins of up to 61%, reinforcing expectations for strong demand and profitability. Western Digital Stocks Climb as AI Storage Names Rebound
• Positive Sentiment: A rebound across AI and storage hardware shares is helping WDC recover after a sharp pullback. Investors are also weighing its recent earnings beat, strong revenue growth, raised near-term outlook and dividend increase as signs of business momentum and cash generation. Why Western Digital Stock Is Up Today
• Neutral Sentiment: Commentary sees WDC’s valuation as potentially reasonable relative to its earnings, but notes that the stock’s steep gains over the past three years and recent volatility leave investors debating how much future growth is already reflected in the share price. Western Digital Stock Looks Reasonable Despite AI Data Center Fears

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WDC shares. Robert W. Baird set a $900.00 target price on Western Digital in a research report on Friday, October 23rd. Mizuho set a $490.00 price target on Western Digital in a report on Friday, October 23rd. Citigroup dropped their price target on Western Digital from $740.00 to $660.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Sanford C. Bernstein lifted their price target on Western Digital from $590.00 to $770.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Wedbush boosted their price objective on Western Digital from $540.00 to $650.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.04.

About Western Digital

Western Digital Corporation (NASDAQ: WDC) develops and supplies hard disk drives (HDDs) and related data-storage products. Its drives serve data centers and cloud providers, as well as businesses and consumers who need storage for computers, network-attached storage systems, surveillance and other applications. Its product brands include WD and Ultrastar. Founded in 1970, the company began as an electronics and semiconductor business before expanding into data storage. In February 2025, Western Digital completed the separation of its flash-memory business into the independently traded SanDisk Corporation, leaving Western Digital focused on HDDs.