Clark Estates Inc. NY held its stake in Western Union Company (The) (NYSE:WU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,400 shares of the credit services provider’s stock at the end of the second quarter. Clark Estates Inc. NY’s holdings in Western Union Company (The) were worth $3,037,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock worth $701,918,000 after buying an additional 33,487,639 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Western Union Company (The) during the first quarter worth $47,167,000. Bank of Montreal Can raised its stake in Western Union Company (The) by 162.0% in the second quarter. Bank of Montreal Can now owns 2,966,777 shares of the credit services provider’s stock worth $56,515,000 after buying an additional 1,834,328 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in Western Union Company (The) during the first quarter worth $30,448,000. Finally, Marshall Wace North America L.P. purchased a new stake in Western Union Company (The) during the first quarter worth $30,448,000.
Western Union Company (NYSE WU) opened at 18.91 on Friday. The company has a 50 day moving average of $19.14 and a 200-day moving average of $19.53. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70. The stock has a market cap of $8.77 billion, a P/E ratio of 48.61 and a beta of 1.19.
Western Union Company (The) (NYSE:WU) last issued its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.08. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Western Union Company (The)’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts forecast that Western Union Company will post $1.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.70%. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.
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A number of analysts have weighed in on WU shares. Royal Bank Of Canada restated a “hold” rating and set a $23.00 price objective on shares of Western Union Company (The) in a research note on Thursday, April 13th. Mizuho began coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price target for the company. Zacks Investment Research lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. TheStreet upgraded shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub lowered shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.27.
In related news, EVP John David Thompson sold 23,500 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the transaction, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The sale was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.
Western Union Company (The) 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. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.
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