Thursday, 22 February, 2018

Comparable Company Analysis: Western Digital Corporation (WDC), Conagra Brands, Inc. (CAG)

Western Digital Quarterly Earnings Tops Estimates, Revenue Meets Western Digital Corp Q2 Profit Advances
Nellie Chapman | 27 January, 2018, 20:51

Western Digital Corp has a 52-week low of $71.38 and a 52-week high of $95.77.

Western Digital (NASDAQ:WDC) traded up $0.65 during mid-day trading on Friday, reaching $88.64. It has outperformed by 109.15% the S&P500.

Bruce J. Richards increased its stake in Analog Devices Inc (ADI) by 12.35% based on its latest 2017Q3 regulatory filing with the SEC. On Thursday, October 26 the stock rating was maintained by KeyBanc Capital Markets with "Hold".

Analyzing the price activity of some previous stock, we were able to note that the shares have shifted by 10.64% since the year began. BlackRock Institutional Trust Company N.A. now owns 7,453,878 shares of the data storage provider's stock valued at $435,828,000 after buying an additional 228,046 shares in the last quarter. About 3.07 million shares traded or 10.18% up from the average. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since January 26, 2017 and is uptrending.

Investors sentiment is 1.12 in 2017 Q3. Its the same as in 2017Q2. During the same quarter last year, the business posted $2.30 EPS. equities analysts predict that Western Digital will post 12.21 earnings per share for the current year. Vetr downgraded shares of Western Digital from a "strong-buy" rating to a "buy" rating and set a $93.86 price objective on the a research report on Tuesday, October 10th. Hussman Strategic reported 0.67% stake. The stock of Cascades Inc. Victory Cap Mngmt, Ohio-based fund reported 1.34 million shares. 7,327 are owned by Shufro Rose And Lc.

Shares of Western Digital Corp (WDC) opened at $87.99 on Friday. Cubist Systematic Strategies Limited Company reported 0.2% in Western Digital Corporation (NASDAQ:WDC). Capital Investment Ltd Liability Corp has 3,757 shares for 0.01% of their portfolio. Cowen & Co maintained Western Digital Corporation (NASDAQ:WDC) rating on Wednesday, September 7. State Of New Jersey Common Pension Fund D owns 600,000 shares. LONG MARK P also sold $126,713 worth of Western Digital Corporation (NASDAQ:WDC) shares. Therefore 46% are positive. Western Digital's payout ratio is now 165.29%. The rating was maintained by Benchmark with "Buy" on Friday, July 28. The stock of Garmin Ltd. (NASDAQ:GRMN) earned "Neutral" rating by DA Davidson on Friday, September 11. (NASDAQ:ADI) earned "Outperform" rating by Credit Suisse on Tuesday, March 14. The firm earned "Buy" rating on Wednesday, December 6 by Desjardins Securities. Royal Bank of Canada restated a "buy" rating on shares of Western Digital in a report on Friday, December 22nd. The company was maintained on Thursday, October 27 by Needham. Cowen & Co maintained it with "Buy" rating and $117.0 target in Tuesday, January 23 report.

Since August 3, 2017, it had 0 insider purchases, and 10 selling transactions for $6.56 million activity. 3,098 shares were sold by Sivaram Srinivasan, worth $263,330 on Wednesday, August 16. About 2.47M shares traded. In the case of WDC, the data has some interesting implications for where the stock might be headed.

Western Digital Corporation (WDC) closed 1.39% above its 200-day moving average and is 4.76% above another chart threshold, its 50-day moving average. Cerebellum GP LLC acquired a new stake in shares of Western Digital in the fourth quarter worth $121,000.

Investors sentiment increased to 0.99 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It also upped Schwab Charles Corp New (NYSE:SCHW) stake by 790,000 shares and now owns 1.68M shares. 128 funds opened positions while 644 raised stakes. 138.17 million shares or 0.41% less from 138.74 million shares in 2017Q2 were reported. The direction of this stock is getting Strengthening.This is an indicator for investors to know whether the stock is heading towards a Buy or Sell, or whether the Hold is advancing towards a Buy or a Sell. Disciplined Growth Invsts Mn reported 1.66% stake. The higher the number, the more profit per dollar is being made on investor capital. Public Employees Retirement Of Ohio owns 232,358 shares or 0.06% of their United States portfolio. Highbridge Cap Mgmt Llc holds 0.05% or 38,112 shares. Wetherby Asset Mngmt stated it has 6,566 shares. Wespac Limited Liability Corp holds 1.96% or 34,336 shares in its portfolio. Leonetti & Limited Liability Co has invested 1.64% in Facebook, Inc. (NASDAQ:ADI) for 49,015 shares.

Granite Point Capital Management Lp decreased Shake Shack Inc stake by 26,104 shares to 30,600 valued at $1.02 million in 2017Q3. Earnings, adjusted for pretax expenses and asset impairment costs, came to 2 cents per share. Dekabank Deutsche Girozentrale has 0% invested in Akamai Technologies, Inc. This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. Therefore 48% are positive.

Several research analysts have issued reports on the stock. On Wednesday, January 27 the stock rating was initiated by Citigroup with "Buy". As per Wednesday, January 10, the company rating was maintained by Susquehanna. The firm has "Buy" rating by Maxim Group given on Thursday, November 16. The rating was maintained by Robert W. Baird with "Hold" on Thursday, October 19. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets.