Western Digital (WDC) Stock Value Rose While C M Bidwell & Associates LTD Has Trimmed Stake by $871,765; Avery Dennison (AVY) Holder Bnp Paribas Arbitrage Sa Trimmed Its Position by $5.01 Billion

May 24, 2018 - By Russell Anderson

Western Digital Corporation (NASDAQ:WDC) Logo

C M Bidwell & Associates Ltd decreased its stake in Western Digital Corp (WDC) by 96.25% based on its latest 2017Q4 regulatory filing with the SEC. C M Bidwell & Associates Ltd sold 11,035 shares as the company’s stock rose 14.25% while stock markets declined. The institutional investor held 430 shares of the electronic components company at the end of 2017Q4, valued at $34,000, down from 11,465 at the end of the previous reported quarter. C M Bidwell & Associates Ltd who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $26.22 billion market cap company. The stock decreased 0.98% or $0.87 during the last trading session, reaching $87.63. About 2.17 million shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since May 24, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Bnp Paribas Arbitrage Sa decreased its stake in Avery Dennison Corp (AVY) by 41.81% based on its latest 2017Q4 regulatory filing with the SEC. Bnp Paribas Arbitrage Sa sold 43,623 shares as the company’s stock declined 8.51% with the market. The institutional investor held 60,720 shares of the containers and packaging company at the end of 2017Q4, valued at $6.97B, down from 104,343 at the end of the previous reported quarter. Bnp Paribas Arbitrage Sa who had been investing in Avery Dennison Corp for a number of months, seems to be less bullish one the $9.59B market cap company. The stock increased 0.54% or $0.58 during the last trading session, reaching $108.93. About 332,588 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 31.20% since May 24, 2017 and is uptrending. It has outperformed by 19.65% the S&P500.

Analysts await Avery Dennison Corporation (NYSE:AVY) to report earnings on July, 24. They expect $1.56 EPS, up 19.08% or $0.25 from last year’s $1.31 per share. AVY’s profit will be $137.33 million for 17.46 P/E if the $1.56 EPS becomes a reality. After $1.44 actual EPS reported by Avery Dennison Corporation for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Among 11 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Avery Dennison had 41 analyst reports since October 15, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Avery Dennison Corporation (NYSE:AVY) on Wednesday, April 25 with “Hold” rating. The firm earned “Overweight” rating on Monday, May 2 by Barclays Capital. Barclays Capital maintained the shares of AVY in report on Monday, February 12 with “Overweight” rating. J.P. Morgan downgraded Avery Dennison Corporation (NYSE:AVY) rating on Friday, March 16. J.P. Morgan has “Sell” rating and $107.0 target. The rating was maintained by KeyBanc Capital Markets with “Hold” on Tuesday, July 25. The stock of Avery Dennison Corporation (NYSE:AVY) has “Buy” rating given on Thursday, February 1 by Robert W. Baird. JP Morgan upgraded Avery Dennison Corporation (NYSE:AVY) on Thursday, October 27 to “Overweight” rating. The rating was downgraded by JP Morgan on Thursday, October 26 to “Neutral”. As per Wednesday, September 20, the company rating was maintained by KeyBanc Capital Markets. As per Thursday, April 26, the company rating was upgraded by JP Morgan.

Bnp Paribas Arbitrage Sa, which manages about $58089.88B US Long portfolio, upped its stake in Iteris Inc (NYSEMKT:ITI) by 2,855 shares to 5,156 shares, valued at $35.94 million in 2017Q4, according to the filing. It also increased its holding in Macquarie Infrastructure Corp (NYSE:MIC) by 12,142 shares in the quarter, for a total of 309,270 shares, and has risen its stake in Valero Energy Corp (NYSE:VLO).

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.13, from 0.92 in 2017Q3. It increased, as 25 investors sold AVY shares while 180 reduced holdings. 79 funds opened positions while 137 raised stakes. 69.57 million shares or 0.73% less from 70.08 million shares in 2017Q3 were reported. Kentucky Retirement Systems has 0.04% invested in Avery Dennison Corporation (NYSE:AVY). Hl Limited Com owns 0.08% invested in Avery Dennison Corporation (NYSE:AVY) for 36,105 shares. Omers Administration holds 0.04% or 32,500 shares. Bessemer Gru owns 521 shares for 0% of their portfolio. Laurion Capital Mgmt Limited Partnership owns 3,721 shares. Lsv Asset Mngmt, a Illinois-based fund reported 306,600 shares. Texas Permanent School Fund accumulated 0.03% or 24,130 shares. Meeder Asset Mgmt holds 0.25% or 26,128 shares in its portfolio. Train Babcock stated it has 0.2% in Avery Dennison Corporation (NYSE:AVY). Goldman Sachs Group holds 0.07% in Avery Dennison Corporation (NYSE:AVY) or 2.64M shares. Ls Inv Advsr Ltd owns 0.04% invested in Avery Dennison Corporation (NYSE:AVY) for 5,921 shares. Charter Tru holds 0.1% or 7,537 shares. Canada Pension Plan Invest Board has invested 0.06% in Avery Dennison Corporation (NYSE:AVY). Kentucky Retirement Systems Insur Trust Fund accumulated 0.05% or 2,347 shares. Contravisory Invest Mgmt Inc has 0.12% invested in Avery Dennison Corporation (NYSE:AVY) for 2,807 shares.

Since December 12, 2017, it had 0 insider buys, and 10 insider sales for $16.36 million activity. BARKER PETER K had sold 2,000 shares worth $229,510 on Tuesday, December 12. The insider SCARBOROUGH DEAN A sold 30,000 shares worth $3.17 million. 7,500 shares were sold by Butier Mitchell R, worth $889,275. $1.76 million worth of Avery Dennison Corporation (NYSE:AVY) was sold by Miller Susan C on Friday, March 16. The insider Hill Anne sold 21,134 shares worth $2.50M.

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 $954.60M for 6.87 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.

C M Bidwell & Associates Ltd, which manages about $447.15M and $115.93 million US Long portfolio, upped its stake in Citizens Financial Group (NYSE:CFG) by 17,885 shares to 27,376 shares, valued at $1.15 million in 2017Q4, according to the filing. It also increased its holding in Activision Blizzard (NASDAQ:ATVI) by 6,405 shares in the quarter, for a total of 6,417 shares, and has risen its stake in Perrigo Company Plc (NYSE:PRGO).

Among 38 analysts covering Western Digital (NASDAQ:WDC), 27 have Buy rating, 1 Sell and 10 Hold. Therefore 71% are positive. Western Digital had 175 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, June 21, the company rating was maintained by Stifel Nicolaus. The stock of Western Digital Corporation (NASDAQ:WDC) has “Buy” rating given on Friday, October 27 by Benchmark. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, March 1 report. The firm has “Hold” rating given on Friday, June 2 by Jefferies. The stock of Western Digital Corporation (NASDAQ:WDC) has “Hold” rating given on Thursday, August 17 by Jefferies. Citigroup maintained the shares of WDC in report on Friday, October 27 with “Buy” rating. The firm has “Buy” rating given on Monday, July 3 by RBC Capital Markets. The rating was maintained by Maxim Group with “Buy” on Wednesday, October 12. Evercore maintained the stock with “Buy” rating in Tuesday, May 15 report. Citigroup maintained the shares of WDC in report on Thursday, March 24 with “Buy” rating.

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. X Mgmt Com Limited Liability Company reported 0.01% in Western Digital Corporation (NASDAQ:WDC). Parallax Volatility Advisers Lp, California-based fund reported 69,565 shares. Federated Inc Pa reported 268,037 shares. Kentucky Retirement Sys invested in 18,240 shares or 0.1% of the stock. Jane Street Grp Incorporated Ltd Liability holds 0.02% in Western Digital Corporation (NASDAQ:WDC) or 85,699 shares. Moreover, Capital Ltd Ca has 0.12% invested in Western Digital Corporation (NASDAQ:WDC) for 8,127 shares. 291,231 were reported by Robeco Institutional Asset Management Bv. American Gp reported 0.03% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Bluemountain Mgmt Ltd reported 0.08% stake. Pictet Asset Limited accumulated 158,757 shares or 0.03% of the stock. 795,948 are owned by Dnb Asset As. Artemis Inv Llp invested 1.37% in Western Digital Corporation (NASDAQ:WDC). Acadian Asset Ltd Llc holds 1,660 shares. Moreover, Sun Life Fincl has 0.01% invested in Western Digital Corporation (NASDAQ:WDC) for 647 shares. Deroy And Devereaux Private Counsel stated it has 172,281 shares.

Since January 29, 2018, it had 0 insider buys, and 14 insider sales for $26.76 million activity. $991,202 worth of Western Digital Corporation (NASDAQ:WDC) shares were sold by LAMBERT MICHAEL D. MILLIGAN STEPHEN D sold $5.33M worth of stock or 53,264 shares. 35,009 shares were sold by RAY MICHAEL CHARLES, worth $3.04 million. 10,865 shares valued at $942,109 were sold by Sivaram Srinivasan on Friday, February 16.

Avery Dennison Corporation (NYSE:AVY) Institutional Positions Chart

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