The Western Union Company (NYSE:WU) EVP Richard L. Williams sold 35,686 shares of The Western Union stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $20.75, for a total transaction of $740,484.50. Following the sale, the executive vice president now owns 130,439 shares in the company, valued at $2,706,609.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE WU opened at $20.50 on Friday. The firm has a market cap of $8.83 billion, a P/E ratio of 10.68, a P/E/G ratio of 2.27 and a beta of 0.82. The Western Union Company has a 52-week low of $16.42 and a 52-week high of $20.89. The stock has a 50 day moving average price of $19.93.
The Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. As a group, analysts predict that The Western Union Company will post 1.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.90%. The Western Union’s dividend payout ratio (DPR) is currently 41.67%.
Several equities research analysts recently commented on the stock. Northcoast Research downgraded shares of The Western Union from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. ValuEngine upgraded shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, Zacks Investment Research upgraded shares of Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Saturday, April 27th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.00.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of The Western Union by 1.4% in the 4th quarter. FMR LLC now owns 39,799,498 shares of the credit services provider’s stock worth $678,980,000 after purchasing an additional 557,039 shares during the period. Clarkston Capital Partners LLC increased its stake in shares of The Western Union by 6.3% in the 1st quarter. Clarkston Capital Partners LLC now owns 11,385,080 shares of the credit services provider’s stock valued at $210,282,000 after acquiring an additional 673,380 shares in the last quarter. LSV Asset Management increased its stake in shares of The Western Union by 1.2% in the 1st quarter. LSV Asset Management now owns 9,765,614 shares of the credit services provider’s stock valued at $180,370,000 after acquiring an additional 119,800 shares in the last quarter. Norges Bank bought a new stake in shares of The Western Union in the 4th quarter valued at $85,840,000. Finally, Bank of Montreal Can increased its stake in shares of The Western Union by 4.3% in the 1st quarter. Bank of Montreal Can now owns 4,358,334 shares of the credit services provider’s stock valued at $80,499,000 after acquiring an additional 179,047 shares in the last quarter.
About The Western Union
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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