Beese Fulmer Investment Management 13F: Cuts WDC Stake by $614K

Beese Fulmer Investment Management cut its stake in Western Digital Corporation WDC by 51.9%, selling 1,352 shares during the quarter. According to a Form 13F filing with the SEC on October 23, 2026, the firm ended the period with 1,253 shares of the computer hardware maker valued at approximately $569,438. The firm held 2,605 shares prior to the adjustment. Western Digital shares closed at $343.67 on the filing date.

WDC Western Digital Corporation

$343.67 ▲ +83.29% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Beese Fulmer's Western Digital Position

Beese Fulmer pared back its exposure to the tech company by more than half, reducing its share count from 2,605 down to 1,253. The transaction left the firm with a remaining holding valued at $569,438 based on the period's market value. The filing outlines institutional adjustments made public on October 23, 2026.

Other Institutional Activity in Western Digital

Other institutional investors also made notable adjustments to their Western Digital holdings around the same time. Amanah Holdings Trust sold out its entire position, unloading 315,000 shares to end with zero holdings valued at $0. Meanwhile, Abc Arbitrage opened a new stake in the company, buying 10,292 shares worth about $4.68 million.

Western Digital Corporation Stock Down 3.0%

Western Digital shares recently traded around $343.54 as of October 24, 2026, down about 0.0% from the previous session close of $343.67 on October 23. The stock trades below its 50-day moving average of $435.87 and sits 57.1% below its 52-week high of $799.87, though it remains well above its 52-week low of $121.72. Wall Street analysts maintain a consensus buy rating with a mean price target of $636.08 across 24 opinions.

Recent Earnings

Western Digital reported trailing-twelve-month revenue of $12.92 billion alongside basic earnings of $26.92 per share. The hardware developer posted a net profit margin of 72.9% and a return on equity of 130.9%, with revenue growing 43.8% year over year. The company's next earnings report is scheduled for February 4, 2027.

Dividend

Western Digital pays an annual dividend rate of $0.60 per share, delivering a dividend yield of 0.17% with a payout ratio of 1.9%.

Insider Buying and Selling at Western Digital Corporation

Company insiders completed several stock transactions ahead of the filing. Director Stephanie A. Streeter disposed of 5,600 shares on September 1, 2026, with a total value of $2,519,280. Officer Cynthia Lock Tregillis sold 432 shares on September 4, 2026, at a price of $451.20 per share for a total of $194,918, followed by another sale of 807 shares on October 21, 2026, at $380.00 per share worth $306,660. Additionally, officer Vidyadhara K. Gubbi sold 1,795 shares on September 4, 2026, at $459.87 per share for a total value of $825,472.

Analysts Set New Price Targets

Major research firms updated their views on the stock around the filing date. UBS maintained a neutral rating while lowering its price target from $470.00 to $435.00 on October 23, 2026. Citigroup maintained a buy rating while reducing its target from $740.00 to $660.00. JP Morgan kept an overweight rating and raised its target from $600.00 to $650.00. TD Cowen maintained a buy rating while trimming its target from $540.00 to $430.00, and Rosenblatt maintained a buy rating while lowering its target from $800.00 to $650.00.

About Western Digital

Western Digital Corporation designs, builds, and sells data storage devices and hardware solutions utilizing hard disk drive technology. The San Jose-based company serves customers globally with internal drives, data center platforms, and portable storage accessories.

Bottom Line

Investors tracking Western Digital will look toward the company's upcoming earnings report on February 4, 2027, for further insight into its financial trajectory. Institutional shifts and insider transaction patterns continue to shape market views on the stock alongside ongoing analyst target updates.