Hanson & Doremus Investment Management decreased its holdings in shares of The Western Union Company (NYSE:WU) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,611 shares of the credit services provider’s stock after selling 1,149 shares during the period. Hanson & Doremus Investment Management’s holdings in The Western Union were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Sciencast Management LP bought a new position in The Western Union during the fourth quarter valued at $2,491,000. AE Wealth Management LLC purchased a new stake in The Western Union during the fourth quarter valued at approximately $373,000. Wedge Capital Management L L P NC purchased a new stake in The Western Union during the fourth quarter valued at approximately $42,387,000. Tocqueville Asset Management L.P. lifted its stake in shares of The Western Union by 21.6% in the 4th quarter. Tocqueville Asset Management L.P. now owns 17,958 shares of the credit services provider’s stock valued at $481,000 after purchasing an additional 3,188 shares during the last quarter. Finally, 6 Meridian lifted its stake in shares of The Western Union by 2.0% in the 4th quarter. 6 Meridian now owns 25,736 shares of the credit services provider’s stock valued at $689,000 after purchasing an additional 497 shares during the last quarter.
In related news, Director Michael Miles sold 9,192 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $25.00, for a total value of $229,800.00. Following the transaction, the director now owns 136,645 shares of the company’s stock, valued at $3,416,125. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Roberto G. Mendoza sold 26,504 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $26.94, for a total value of $714,017.76. Following the completion of the transaction, the director now directly owns 94,334 shares in the company, valued at approximately $2,541,357.96. The disclosure for this sale can be found here. Insiders have sold 73,955 shares of company stock valued at $1,975,551 over the last three months. Insiders own 1.33% of the company’s stock.
Several research firms have recently weighed in on WU. Citigroup set a $20.50 target price on The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Morgan Stanley set a $20.00 price objective on shares of The Western Union and gave the stock a “sell” rating in a research note on Friday, November 1st. Barclays lifted their price objective on shares of The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Monday, September 30th. ValuEngine lowered shares of The Western Union from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Finally, TheStreet lowered shares of The Western Union from a “b” rating to a “c+” rating in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.05.
NYSE WU traded up $0.02 on Thursday, hitting $27.30. 79,477 shares of the stock were exchanged, compared to its average volume of 5,056,540. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average price of $26.83 and a two-hundred day moving average price of $23.92. The firm has a market capitalization of $11.18 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.10 and a beta of 0.79. The Western Union Company has a 52-week low of $17.43 and a 52-week high of $28.00.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The Western Union’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share. Sell-side analysts expect that The Western Union Company will post 1.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Monday, December 16th. The Western Union’s dividend payout ratio is currently 41.67%.
The Western Union Profile
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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