Armstrong Henry H Associates Inc. decreased its position in shares of Western Union Co. (NYSE:WU) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,804 shares of the company’s stock after selling 906 shares during the period. Western Union comprises about 0.7% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 15th largest position. Armstrong Henry H Associates Inc.’s holdings in Western Union were worth $3,353,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in WU. Chevy Chase Trust Holdings Inc. raised its stake in shares of Western Union by 5.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 434,253 shares of the company’s stock worth $8,377,000 after buying an additional 21,374 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Western Union by 15.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 116,578 shares of the company’s stock worth $2,249,000 after buying an additional 15,702 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Western Union by 7.9% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 122,204 shares of the company’s stock worth $2,357,000 after buying an additional 8,949 shares during the last quarter. PGGM Investments raised its stake in shares of Western Union by 2.5% in the first quarter. PGGM Investments now owns 345,677 shares of the company’s stock worth $6,668,000 after buying an additional 8,395 shares during the last quarter. Finally, Telemus Capital LLC bought a new stake in shares of Western Union during the first quarter worth $255,000.
Shares of Western Union Co. (NYSE:WU) traded down 0.15% during mid-day trading on Monday, reaching $20.27. 3,256,532 shares of the company traded hands. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 12.20 and a beta of 1.16. Western Union Co. has a 52 week low of $16.02 and a 52 week high of $21.80. The firm has a 50-day moving average price of $20.99 and a 200 day moving average price of $19.84.
Western Union (NYSE:WU) last issued its earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $0.41 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts anticipate that Western Union Co. will post $1.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Wednesday, September 14th. Western Union’s dividend payout ratio is currently 38.55%.
WU has been the topic of a number of research reports. Zacks Investment Research lowered shares of Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Barclays PLC cut shares of Western Union from an “equal weight” rating to an “underweight” rating and set a $20.00 price target for the company. in a research report on Thursday, July 7th. Vetr raised shares of Western Union from a “strong sell” rating to a “hold” rating and set a $19.20 price target for the company in a research report on Thursday, July 7th. BTIG Research reissued a “buy” rating and set a $23.00 price target on shares of Western Union in a research report on Monday, August 1st. Finally, Citigroup Inc. lifted their price target on shares of Western Union from $15.50 to $17.00 and gave the company a “sell” rating in a research report on Thursday, August 4th. Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. Western Union currently has an average rating of “Hold” and a consensus price target of $18.91.
In other news, CFO Rajesh K. Agrawal sold 9,263 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $21.50, for a total value of $199,154.50. Following the sale, the chief financial officer now directly owns 126,997 shares in the company, valued at approximately $2,730,435.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hikmet Ersek sold 276,127 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $21.52, for a total transaction of $5,942,253.04. Following the completion of the sale, the insider now owns 407,285 shares in the company, valued at $8,764,773.20. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
About Western Union
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.
Want to see what other hedge funds are holding WU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Union Co. (NYSE:WU).
Receive News & Ratings for Western Union Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union Co. and related companies with MarketBeat.com's FREE daily email newsletter.