Western Digital (WDC) Stock Rose While Freshford Capital Management Has Decreased Holding; As Tiffany & Co New (TIF) Share Price Declined, Shareholder London Co Of Virginia Lifted Its Holding

April 23, 2018 - By Jacob Smith

Tiffany & Co. (NYSE:TIF) Logo

Michael Doheny decreased its stake in Western Digital Corp (WDC) by 25.44% based on its latest 2017Q4 regulatory filing with the SEC. Freshford Capital Management Llc sold 50,876 shares as the company’s stock rose 14.25% while stock markets declined. The hedge fund run by Michael Doheny held 149,124 shares of the electronic components company at the end of 2017Q4, valued at $11.86M, down from 200,000 at the end of the previous reported quarter. Freshford Capital Management Llc who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $26.65B market cap company. The stock increased 0.06% or $0.05 during the last trading session, reaching $89.56. About 3.56M shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since April 23, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

London Co Of Virginia increased its stake in Tiffany & Co New (TIF) by 16.74% based on its latest 2017Q4 regulatory filing with the SEC. London Co Of Virginia bought 55,082 shares as the company’s stock declined 6.13% with the market. The institutional investor held 384,142 shares of the consumer specialties company at the end of 2017Q4, valued at $39.93M, up from 329,060 at the end of the previous reported quarter. London Co Of Virginia who had been investing in Tiffany & Co New for a number of months, seems to be bullish on the $12.31 billion market cap company. The stock increased 0.83% or $0.81 during the last trading session, reaching $98.84. About 1.54 million shares traded. Tiffany & Co. (NYSE:TIF) has risen 1.55% since April 23, 2017 and is uptrending. It has underperformed by 10.00% the S&P500.

Freshford Capital Management Llc, which manages about $1.21 billion and $542.40 million US Long portfolio, upped its stake in Calavo Growers Inc (NASDAQ:CVGW) by 84,746 shares to 326,703 shares, valued at $27.57 million in 2017Q4, according to the filing. It also increased its holding in Sunopta Inc (NASDAQ:STKL) by 68,876 shares in the quarter, for a total of 629,042 shares, and has risen its stake in Cheniere Energy Inc (NYSEMKT:LNG).

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.05, from 1.12 in 2017Q3. It turned 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. C M Bidwell Assoc Ltd owns 0.03% invested in Western Digital Corporation (NASDAQ:WDC) for 430 shares. Employees Retirement System Of Ohio owns 144,199 shares. Tower Research Cap Limited Liability (Trc) has invested 0.04% in Western Digital Corporation (NASDAQ:WDC). Advisor Partners Ltd holds 0.11% in Western Digital Corporation (NASDAQ:WDC) or 7,485 shares. 6,317 were accumulated by Highland Capital Mgmt Limited Co. Asset Management holds 43,104 shares. State Bank Of New York Mellon Corporation holds 0.07% in Western Digital Corporation (NASDAQ:WDC) or 3.15 million shares. 185,817 were reported by British Columbia Inv Management Corporation. The Maryland-based Brown Advisory Inc has invested 0% in Western Digital Corporation (NASDAQ:WDC). Aull & Monroe Investment Mgmt owns 4,600 shares. Thrivent Financial For Lutherans invested in 11,999 shares. Credit Suisse Ag holds 719,931 shares. Blb&B Limited Liability Corp has invested 0.57% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Legal General Gp Pcl accumulated 1.42M shares. Mitsubishi Ufj & Bk Corp holds 0.09% or 637,853 shares in its portfolio.

Since January 29, 2018, it had 0 insider purchases, and 11 insider sales for $24.09 million activity. On Monday, February 5 the insider RAY MICHAEL CHARLES sold $369,385. Shares for $376,037 were sold by LONG MARK P on Monday, February 5. $942,109 worth of Western Digital Corporation (NASDAQ:WDC) shares were sold by Sivaram Srinivasan.

Among 36 analysts covering Western Digital (NASDAQ:WDC), 25 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 164 analyst reports since July 23, 2015 according to SRatingsIntel. Maxim Group maintained Western Digital Corporation (NASDAQ:WDC) on Thursday, January 26 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, January 19 by Mizuho. On Thursday, October 27 the stock rating was maintained by Mizuho with “Buy”. Deutsche Bank downgraded the shares of WDC in report on Thursday, October 5 to “Hold” rating. The company was maintained on Wednesday, March 1 by Cowen & Co. The firm has “Neutral” rating by UBS given on Friday, October 27. The company was maintained on Sunday, April 1 by RBC Capital Markets. The firm has “Neutral” rating given on Tuesday, December 20 by Goldman Sachs. The firm earned “Buy” rating on Wednesday, June 21 by Maxim Group. The rating was maintained by Cowen & Co on Monday, July 17 with “Buy”.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on April, 26 after the close. They expect $2.97 EPS, up 43.48% or $0.90 from last year’s $2.07 per share. WDC’s profit will be $883.74 million for 7.54 P/E if the $2.97 EPS becomes a reality. After $3.62 actual EPS reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts -17.96% negative EPS growth.

London Co Of Virginia, which manages about $13.80B US Long portfolio, decreased its stake in Carnival Corp (NYSE:CCL) by 462,572 shares to 7.38M shares, valued at $489.72M in 2017Q4, according to the filing. It also reduced its holding in Intel Corp (NASDAQ:INTC) by 437,542 shares in the quarter, leaving it with 5.58M shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


>