Trustmark National Bank Trust Department Stake in Western Digital Corporation (WDC) Has Cut by $3.30 Million as Market Valuation Rose

April 26, 2018 - By Peter Erickson

Western Digital Corporation (NASDAQ:WDC) LogoInvestors sentiment decreased to 1.07 in 2017 Q4. Its down 0.05, from 1.12 in 2017Q3. It dived, 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. Johnson Fin Grp Inc invested in 35 shares. 4,060 were reported by Evercore Wealth Ltd Limited Liability Company. The New Jersey-based Strategy Asset Managers Limited Liability Corp has invested 0.06% in Western Digital Corporation (NASDAQ:WDC). Acadian Asset Mngmt Ltd Llc has 1,660 shares for 0% of their portfolio. Teacher Retirement Systems Of Texas accumulated 81,305 shares or 0.04% of the stock. Cornercap Invest Counsel invested in 45,485 shares. The Ontario – Canada-based Royal National Bank Of Canada has invested 0.04% in Western Digital Corporation (NASDAQ:WDC). Nuveen Asset Mngmt Ltd Com has 319,075 shares for 0.16% of their portfolio. Caprock Group Inc reported 7,440 shares. Factory Mutual has 0.29% invested in Western Digital Corporation (NASDAQ:WDC) for 353,200 shares. Ls Inv Advsr Ltd Liability invested in 0.05% or 10,783 shares. Lsv Asset Mngmt holds 0.39% in Western Digital Corporation (NASDAQ:WDC) or 3.10M shares. Boston Limited Liability reported 0.26% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Nokota Mgmt LP stated it has 0.13% in Western Digital Corporation (NASDAQ:WDC). Amer Century Companies reported 201,447 shares or 0.02% of all its holdings.

Since January 29, 2018, it had 0 insider purchases, and 11 sales for $24.09 million activity. 23,155 shares were sold by MILLIGAN STEPHEN D, worth $2.19M. On Friday, February 16 the insider Sivaram Srinivasan sold $942,109. LONG MARK P sold $693,064 worth of Western Digital Corporation (NASDAQ:WDC) on Friday, March 9.

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 $25.57B market cap company. The stock decreased 0.59% or $0.51 during the last trading session, reaching $85.92. About 2.61 million shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since April 26, 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 (VUG) by 76,310 shares to 151,819 shares, valued at $21.35M in 2017Q4, according to the filing.

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 has $15000 highest and $84.0 lowest target. $115’s average target is 33.85% above currents $85.92 stock price. Western Digital had 31 analyst reports since October 27, 2017 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, October 27 by UBS. Maxim Group maintained the shares of WDC in report on Friday, October 27 with “Buy” rating. The rating was maintained by Guggenheim on Tuesday, March 13 with “Buy”. The rating was maintained by Benchmark on Friday, October 27 with “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 27 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, November 27. On Wednesday, December 13 the stock rating was upgraded by Summit Redstone Partners to “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 23 report. The stock has “Buy” rating by RBC Capital Markets on Sunday, April 1. The rating was maintained by Loop Capital Markets on Wednesday, December 13 with “Buy”.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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