Trustmark National Bank Trust Department Lowered Its Western Digital Corporation (WDC) Stake as Market Valuation Rose

May 18, 2018 - By Linda Rogers

Western Digital Corporation (NASDAQ:WDC) LogoInvestors sentiment decreased to 1.07 in 2017 Q4. Its down 0.05, from 1.12 in 2017Q3. It is negative, 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. Riverpoint Cap Mgmt Lc reported 10,157 shares or 0.05% of all its holdings. Lourd Capital Ltd Liability owns 2,935 shares. Ironwood Financial Ltd Liability Corp accumulated 203 shares. Employees Retirement Systems Of Texas stated it has 74,864 shares or 0.08% of all its holdings. Meritage Port Mngmt reported 0.67% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Janney Montgomery Scott Lc, Pennsylvania-based fund reported 74,100 shares. 60,388 were reported by Fort Washington Invest Advisors Incorporated Oh. Citadel Advisors Lc reported 0.07% in Western Digital Corporation (NASDAQ:WDC). Verition Fund Mngmt Lc holds 19,433 shares or 0.14% of its portfolio. D E Shaw And Incorporated holds 63,787 shares or 0.01% of its portfolio. Great West Life Assurance Com Can holds 0.07% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 362,282 shares. Caisse De Depot Et Placement Du Quebec has 0.03% invested in Western Digital Corporation (NASDAQ:WDC) for 174,788 shares. Numeric Invsts reported 96,700 shares or 0.06% of all its holdings. Alpha Cubed Invs Lc holds 2.76% or 265,398 shares in its portfolio. Sumitomo Mitsui has 989,525 shares for 0.1% of their portfolio.

Since January 29, 2018, it had 0 buys, and 14 sales for $26.76 million activity. Another trade for 35,009 shares valued at $3.04M was made by RAY MICHAEL CHARLES on Tuesday, January 30. LONG MARK P also sold $376,037 worth of Western Digital Corporation (NASDAQ:WDC) shares. 11,542 shares were sold by LAMBERT MICHAEL D, worth $991,202. Sivaram Srinivasan sold $942,109 worth of Western Digital Corporation (NASDAQ:WDC) 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 $2.00B and $911.51 million US Long portfolio, upped its stake in Vanguard (VB) by 94,060 shares to 128,616 shares, valued at $19.01M in 2017Q4, according to the filing.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on July, 26. They expect $3.19 EPS, 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 EPS 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: Investorplace.com which released: “3 Stocks to Buy Before They Break Out” on May 14, 2018. Also Streetinsider.com published the news titled: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” on May 15, 2018. Nasdaq.com‘s news article titled: “China Eases the Pressure on Qualcomm’s NXP Deal” with publication date: May 15, 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. The firm earned “Buy” rating on Tuesday, January 23 by Cowen & Co. The firm has “Neutral” rating given on Friday, January 26 by UBS. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, November 27. The rating was downgraded by Summit Redstone Partners to “Hold” on Friday, January 26. The firm has “Buy” rating given on Tuesday, May 15 by Evercore. The stock has “Outperform” rating by Robert W. Baird on Friday, March 16. Mizuho maintained Western Digital Corporation (NASDAQ:WDC) on Friday, April 27 with “Buy” rating. Morgan Stanley maintained the shares of WDC in report on Wednesday, December 13 with “Equal-Weight” rating. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Evercore on Wednesday, December 13. The stock of Western Digital Corporation (NASDAQ:WDC) has “Equal-Weight” rating given on Friday, April 27 by Morgan Stanley.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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