Cooke & Bieler LP Has $48,204,000 Position in Western Union Co. (WU)
Cooke & Bieler LP cut its stake in shares of Western Union Co. (NYSE:WU) by 2.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,513,226 shares of the company’s stock after selling 55,841 shares during the period. Cooke & Bieler LP owned approximately 0.51% of Western Union worth $48,204,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Seven Eight Capital LLC acquired a new position in Western Union during the first quarter worth about $105,000. Checchi Capital Advisers LLC boosted 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 about $109,000. Loomis Sayles & Co. L P boosted its position in shares of Western Union by 69.3% in the first quarter. Loomis Sayles & Co. L P now owns 9,087 shares of the company’s stock worth $175,000 after buying an additional 3,721 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in shares of Western Union during the second quarter worth about $207,000.
Shares of Western Union Co. (NYSE:WU) traded up 1.130% on Friday, reaching $20.145. The company’s stock had a trading volume of 2,414,492 shares. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 12.121 and a beta of 1.19. Western Union Co. has a 12-month low of $16.02 and a 12-month high of $21.80. The company’s 50-day moving average is $20.69 and its 200 day moving average is $19.98.
Western Union (NYSE:WU) last posted its quarterly 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. Western Union had a return on equity of 63.02% and a net margin of 15.33%. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Equities analysts anticipate that Western Union Co. will post $1.65 earnings per share for the current fiscal year.
WU has been the topic of a number of recent research reports. Vetr cut Western Union from a “hold” rating to a “sell” rating and set a $19.20 target price on the stock. in a report on Wednesday, July 13th. Barclays PLC cut Western Union from an “equal weight” rating to an “underweight” rating and set a $20.00 target price on the stock. in a report on Thursday, July 7th. Morgan Stanley reiterated an “underweight” rating and issued a $17.00 target price on shares of Western Union in a report on Tuesday, August 23rd. Zacks Investment Research cut Western Union from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Monness Crespi & Hardt cut 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. Eight research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.91.
In related news, CFO Rajesh K. Agrawal sold 9,263 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $21.50, for a total transaction of $199,154.50. Following the completion of the sale, the chief financial officer now owns 126,997 shares in the company, valued at $2,730,435.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Miles sold 21,281 shares of the company’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $20.37, for a total value of $433,493.97. Following the sale, the director now owns 126,819 shares of the company’s stock, valued at approximately $2,583,303.03. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
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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