Analysts See $0.40 EPS for 1st Constitution Bancorp (FCCY); Federated Investors Has Cut Western Digital (WDC) Position By $27.48 Million

Western Digital Corporation (NASDAQ:WDC) Logo

Federated Investors Inc decreased Western Digital Corp (WDC) stake by 97.4% reported in 2019Q2 SEC filing. Federated Investors Inc sold 584,786 shares as Western Digital Corp (WDC)’s stock rose 6.08%. The Federated Investors Inc holds 15,594 shares with $741,000 value, down from 600,380 last quarter. Western Digital Corp now has $17.91B valuation. The stock decreased 2.12% or $1.31 during the last trading session, reaching $60.49. About 5.57M shares traded or 6.82% up from the average. Western Digital Corporation (NASDAQ:WDC) has declined 23.05% since September 29, 2018 and is downtrending. It has underperformed by 23.05% the S&P500. Some Historical WDC News: 09/03/2018 - Western Digital to invest $4.6bn in joint venture with Toshiba; 14/05/2018 - Western Digital Presenting at JPMorgan Conference Tomorrow; 14/05/2018 - Global SSD Controllers Market 2018-2022 with Marvell, Samsung, Toshiba & Western Digital Dominating - ResearchAndMarkets.com; 07/05/2018 - Western Digital Board Amends Bylaws to Allow Proxy Access; 15/05/2018 - WDC SUCCESSFULLY REPRICES $2.455B OF USD TERM B LOANS; 26/04/2018 - WESTERN DIGITAL 3Q ADJ EPS $3.63, EST. $3.30; 28/03/2018 - Western Digital vs Seagate: Battle Royale of ‘HAMR’ Against ‘MAMR’ — Barron’s Blog; 15/05/2018 - Western Digital Targets At Least 50% of Repurchases for Rest of Current Fiscal Quarter; 05/04/2018 - Western Digital Ups the Game with Powerful New Gaming SSD with NVMe Performance; 15/05/2018 - Western Digital’s Buybacks: Do They Mean NAND Is Doing Much Better Than Feared? — Barron’s Blog

Analysts expect 1st Constitution Bancorp (NASDAQ:FCCY) to report $0.40 EPS on October, 18.They anticipate $0.06 EPS change or 13.04% from last quarter’s $0.46 EPS. FCCY’s profit would be $3.46 million giving it 11.85 P/E if the $0.40 EPS is correct. After having $0.41 EPS previously, 1st Constitution Bancorp’s analysts see -2.44% EPS growth. The stock increased 2.43% or $0.45 during the last trading session, reaching $18.96. About 10,513 shares traded. 1st Constitution Bancorp (NASDAQ:FCCY) has declined 14.71% since September 29, 2018 and is downtrending. It has underperformed by 14.71% the S&P500. Some Historical FCCY News: 19/03/2018 - 1ST CONSTITUTION BANCORP SAYS CO WAS ABLE TO RESOLVE TECHNICAL ISSUES REGARDING INTERACTIVE DATA FILES AND FILED 2017 FORM 10-K ON MARCH 19, 2018; 22/03/2018 - 1ST CONSTITUTION BANCORP - MERGER IS EXPECTED TO CLOSE DURING APRIL 2018; 19/03/2018 1ST CONSTITUTION BANCORP FILES FOR NON TIMELY 10-K - SEC FILING; 19/03/2018 - 1ST CONSTITUTION BANCORP SAYS BECAUSE OF TIMING OF UNEXPECTED TECHNICAL DIFFICULTIES, THE REGISTRANT WAS UNABLE TO FILE 2017 FORM 10-K ON TIME; 21/04/2018 - DJ 1st Constitution Bancorp, Inst Holders, 1Q 2018 (FCCY); 22/03/2018 - 1ST Constitution Bancorp and New Jersey Community Bank Announce New Jersey Community Bank Shareholder Approval of the Merger; 12/04/2018 - 1ST Constitution Bancorp Announces Closing of the Merger of New Jersey Community Bank With and Into 1ST Constitution Bank; 20/04/2018 - 1st Constitution Bancorp 1Q EPS 34c

Federated Investors Inc increased Paylocity Hldg Corp (NASDAQ:PCTY) stake by 126,051 shares to 316,274 valued at $29.67M in 2019Q2. It also upped Kemet Corp (NYSE:KEM) stake by 186,175 shares and now owns 890,351 shares. Amgen Inc (NASDAQ:AMGN) was raised too.

Investors sentiment decreased to 1 in 2019 Q2. Its down 0.31, from 1.31 in 2019Q1. It worsened, as 58 investors sold WDC shares while 169 reduced holdings. 61 funds opened positions while 166 raised stakes. 245.61 million shares or 8.88% less from 269.56 million shares in 2019Q1 were reported. Moreover, Stifel Fincl has 0.05% invested in Western Digital Corporation (NASDAQ:WDC). Bokf Na reported 15,716 shares. Pub Sector Pension Invest Board accumulated 38,300 shares. Institute For Wealth Management Lc has 0.07% invested in Western Digital Corporation (NASDAQ:WDC). Bkd Wealth Advsrs Ltd Com owns 35,477 shares. Webster Bank N A owns 0.01% invested in Western Digital Corporation (NASDAQ:WDC) for 1,500 shares. State Board Of Administration Of Florida Retirement Systems owns 0.05% invested in Western Digital Corporation (NASDAQ:WDC) for 388,675 shares. Brookstone Cap reported 56,811 shares. Victory Capital holds 0.01% or 60,113 shares. Wellington Mgmt Group Inc Ltd Liability Partnership holds 11.77 million shares. Hudock Capital stated it has 2,396 shares. Envestnet Asset Mngmt holds 0.02% or 290,282 shares. Fin holds 0% or 157 shares. Tcw Gp Incorporated invested in 463,704 shares. Virtu Ltd Liability Corporation reported 4,239 shares or 0.01% of all its holdings.

Among 12 analysts covering Western Digital (NASDAQ:WDC), 7 have Buy rating, 3 Sell and 2 Hold. Therefore 58% are positive. Western Digital has $7600 highest and $32.5000 lowest target. $55.21’s average target is -8.73% below currents $60.49 stock price. Western Digital had 23 analyst reports since April 5, 2019 according to SRatingsIntel. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Bank of America on Wednesday, April 24. The rating was downgraded by Robert W. Baird to “Underperform” on Friday, April 26. The company was maintained on Tuesday, April 30 by Stifel Nicolaus. The stock has “Sell” rating by Benchmark on Friday, September 6. Benchmark downgraded the stock to “Sell” rating in Tuesday, July 2 report. The firm has “Buy” rating by Citigroup given on Tuesday, April 30. As per Tuesday, April 9, the company rating was maintained by RBC Capital Markets. The company was maintained on Thursday, August 1 by Wells Fargo. UBS maintained Western Digital Corporation (NASDAQ:WDC) on Tuesday, April 30 with “Neutral” rating. The firm earned “Buy” rating on Wednesday, September 11 by Longbow.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on October, 24. They expect $-0.07 earnings per share, down 102.52% or $2.85 from last year’s $2.78 per share.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Finance.Yahoo.com which released: “Here’s Why We’re Wary Of Buying Western Digital Corporation’s (NASDAQ:WDC) For Its Upcoming Dividend - Yahoo Finance” on September 28, 2019, also Finance.Yahoo.com with their article: “How Much Are Western Digital Corporation (NASDAQ:WDC) Insiders Taking Off The Table? - Yahoo Finance” published on September 06, 2019, Seekingalpha.com published: “WDC +2% on storage systems exit - Seeking Alpha” on September 19, 2019. More interesting news about Western Digital Corporation (NASDAQ:WDC) were released by: Forbes.com and their article: “Comparing Revenue and Key Metrics For The Two Portable Memory Heavyweights, Seagate And Western Digital - Forbes” published on September 25, 2019 as well as Seekingalpha.com‘s news article titled: “WDC, MU gain on positive pricing note - Seeking Alpha” with publication date: September 04, 2019.

Since July 24, 2019, it had 1 insider purchase, and 0 insider sales for $8,943 activity. The insider CROW CHARLES S III bought $8,943.

Investors sentiment increased to 1.92 in 2019 Q2. Its up 0.65, from 1.27 in 2019Q1. It increased, as 3 investors sold 1st Constitution Bancorp shares while 9 reduced holdings. 3 funds opened positions while 20 raised stakes. 2.87 million shares or 4.58% more from 2.74 million shares in 2019Q1 were reported. Geode Cap Management Limited Liability has invested 0% in 1st Constitution Bancorp (NASDAQ:FCCY). Deutsche Bancorp Ag has 13,237 shares. First Tru Lp stated it has 0% of its portfolio in 1st Constitution Bancorp (NASDAQ:FCCY). Wells Fargo & Mn reported 14,838 shares stake. Stifel reported 0% in 1st Constitution Bancorp (NASDAQ:FCCY). Ameritas Investment Ptnrs stated it has 623 shares or 0% of all its holdings. Northern Trust has 77,032 shares. National Bank & Trust Of Montreal Can accumulated 0% or 645 shares. New York State Common Retirement Fund holds 0% or 8,100 shares in its portfolio. Illinois-based Banc Funds Communication Ltd Limited Liability Company has invested 0.75% in 1st Constitution Bancorp (NASDAQ:FCCY). Legal And General Group Public Lc accumulated 1,100 shares. 154,154 are held by Wellington Mgmt Grp Incorporated Limited Liability Partnership. State Street Corporation has invested 0% in 1st Constitution Bancorp (NASDAQ:FCCY). American Intll Gru Inc stated it has 0% of its portfolio in 1st Constitution Bancorp (NASDAQ:FCCY). California State Teachers Retirement System reported 11,497 shares.

1st Constitution Bancorp (NASDAQ:FCCY) Institutional Positions Chart

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