Western Union Co. (WU) Director Michael Miles Sells 21,281 Shares
Western Union Co. (NYSE:WU) Director Michael Miles sold 21,281 shares of Western Union stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $20.37, for a total transaction of $433,493.97. Following the transaction, the director now directly owns 126,819 shares of the company’s stock, valued at approximately $2,583,303.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Western Union Co. (NYSE:WU) opened at 20.82 on Friday. The stock has a 50 day moving average of $20.92 and a 200 day moving average of $19.90. The company has a market cap 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 released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ 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 earned $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts expect that Western Union Co. will post $1.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a $0.16 dividend. 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 (DPR) is presently 38.55%.
Several equities research analysts have weighed in on WU shares. BTIG Research reaffirmed a “buy” rating and issued a $23.00 price target on shares of Western Union in a research note on Monday, August 1st. 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 note on Thursday, August 4th. Vetr raised shares of Western Union from a “sell” rating to a “hold” rating and set a $19.20 price target for the company in a research note on Tuesday, August 2nd. Jefferies Group lifted their price target on shares of Western Union from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research upgraded 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 assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.91.
Hedge funds have recently added to or reduced their stakes in the company. Seven Eight Capital LLC purchased a new position in shares of Western Union during the first quarter worth approximately $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 approximately $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.
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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