Western Union Co. (NYSE:WU) Director Michael Miles sold 21,281 shares of the stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $20.37, for a total transaction of $433,493.97. Following the sale, the director now directly owns 126,819 shares in the company, valued at approximately $2,583,303.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Western Union Co. (NYSE:WU) opened at 20.82 on Friday. The company has a 50-day moving average of $20.92 and a 200-day moving average of $19.90. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 12.53 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.
Western Union (NYSE:WU) last posted its earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Western Union had a return on equity of 63.02% and a net margin of 15.33%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Equities research analysts expect that Western Union Co. will post $1.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.64 annualized dividend and a yield of 3.07%. Western Union’s dividend payout ratio is presently 38.55%.
Several analysts recently weighed in on the stock. Monness Crespi & Hardt cut shares of Western Union from a “buy” rating to a “neutral” rating and set a $22.00 target price on the stock. in a report on Thursday, September 8th. Vetr cut shares of Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 target price on the stock. in a report on Monday, September 5th. Morgan Stanley reaffirmed an “underweight” rating and issued a $17.00 target price on shares of Western Union in a report on Tuesday, August 23rd. Jefferies Group raised their target price on shares of Western Union from $18.00 to $19.00 and gave the company a “hold” rating in a report on Friday, August 5th. Finally, Zacks Investment Research raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Eight 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. Western Union has a consensus rating of “Hold” and an average price target of $18.91.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Western Union during the second quarter valued at $380,000. Kentucky Retirement Systems purchased a new stake in shares of Western Union during the second quarter worth approximately $801,000. Mason Street Advisors LLC purchased a new stake in shares of Western Union during the second quarter worth approximately $1,269,000. IFP Advisors Inc raised its stake in shares of Western Union by 18.3% in the second quarter. IFP Advisors Inc now owns 6,214 shares of the company’s stock worth $119,000 after buying an additional 963 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Western Union by 2.1% in the second quarter. Public Employees Retirement System of Ohio now owns 538,233 shares of the company’s stock worth $10,323,000 after buying an additional 11,269 shares during the period.
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.
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