Western Union Co. (WU) Director Michael Miles Sells 21,281 Shares
Western Union Co. (NYSE:WU) Director Michael Miles sold 21,281 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $20.37, for a total value of $433,493.97. Following the sale, the director now directly owns 126,819 shares of the company’s stock, valued at $2,583,303.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Western Union Co. (NYSE:WU) opened at 20.82 on Friday. Western Union Co. has a 1-year low of $16.02 and a 1-year high of $21.80. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 12.53 and a beta of 1.16. The stock has a 50 day moving average price of $20.92 and a 200-day moving average price of $19.90.
Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Western Union had a net margin of 15.33% and a return on equity of 63.02%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Equities analysts predict that Western Union Co. will post $1.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Wednesday, September 14th. Western Union’s dividend payout ratio is presently 38.55%.
Institutional investors have recently made changes to their positions in the company. Seven Eight Capital LLC purchased a new position in shares of Western Union during the first quarter worth $105,000. Checchi Capital Advisers LLC increased its position in shares of Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock worth $108,000 after buying an additional 577 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Western Union during the second quarter worth $109,000. IFP Advisors Inc increased its position 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 in the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its position in shares of Western Union by 137.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,984 shares of the company’s stock worth $134,000 after buying an additional 4,037 shares in the last quarter.
Several equities research analysts have recently weighed in on the company. Monness Crespi & Hardt lowered Western Union from a “buy” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research note on Thursday, September 8th. Vetr lowered Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 price objective for the company. in a research note on Monday, September 5th. Morgan Stanley reissued an “underweight” rating and set a $17.00 price objective on shares of Western Union in a research note on Tuesday, August 23rd. Jefferies Group raised their target price on Western Union from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. Finally, Zacks Investment Research raised Western Union from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. 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. Western Union currently has a consensus rating of “Hold” and a consensus target price of $18.91.
Western Union Company Profile
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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