The Western Union Company (Western Union) is a provider of money movement and payment services. Oxbow Advisors LLC boosted its stake in Western Union Company (The) by 0.9% in the second quarter. Teachers Advisors LLC now owns 611,489 shares of the credit services provider's stock valued at $13,282,000 after buying an additional 75,267 shares during the last quarter. It also increased its holding in Estee Lauder Companies Inc Cl (NYSE:EL) by 6,930 shares in the quarter, for a total of 46,955 shares, and has risen its stake in Visa Inc Com Cl A (NYSE:V). Suntrust Banks Inc. now owns 118,191 shares of the credit services provider's stock valued at $2,403,000 after buying an additional 17,879 shares in the last quarter. BlackRock Inc. boosted its position in shares of Western Union Company (The) by 3,333.4% in the first quarter. Profund Advisors LLC now owns 15,757 shares of the credit services provider's stock valued at $321,000 after buying an additional 654 shares during the period. Van ECK Associates Corp increased its stake in shares of Western Union Company (The) by 6.8% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider's stock worth $102,000 after buying an additional 288 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of Western Union Company (The) during the first quarter worth $154,000. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 48.59 and a beta of 1.19. The company rocked its 52-Week High of $22.7 and touched its 52-Week Low of $18.42.
The stock is trading at $18.90 which is slightly below $19.14, the stock's 50 day moving average and which is just a bit below the 200 day moving average of $19.53. Western Union Company (The)'s quarterly revenue was up.2% compared to the same quarter a year ago. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.08. Illinois-based Prudential Public Ltd Company has invested 0.03% in The Western Union Company (NYSE:WU).
The High Revenue estimate is predicted as 1.42 Million, while the Low Revenue Estimate prediction stands at 1.34 Million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company's quarterly revenue was up.2% compared to the same quarter past year.
The Western Union Company on 6/29/2017 reported its EPS as $0.44 with the analysts projecting the EPS of the stock as $0.44.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date will be on Wednesday the 14th of June 2017. Western Union Company (The)'s dividend payout ratio is presently 179.49%. "Sells 178,018 Shares of Western Union Company (The) (WU)" was published by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & global copyright and trademark laws.
A number of research firms have commented on WU. Barclays PLC increased their price target on Western Union Company (The) from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Friday, August 4th. BidaskClub downgraded Western Union Company (The) from a "hold" rating to a "sell" rating in a report on Friday, June 9th.
At the present time, shares of The Western Union Company (WU) are worth at $19.28.
Foster & Motley Inc. cut its stake in shares of Western Union Company (The) (NYSE:WU) by 20.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. Westpac Banking Corporation holds 0% in The Western Union Company (NYSE:WU) or 29,791 shares. Finally, Stifel Nicolaus restated a "hold" rating and set a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday. The analyst recommendations from a month ago are 4 Buy, 0 Overweight, 0 Sell, 4 Hold and 0 Underweight.
In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the stock in a transaction dated Friday, August 4th. Following the completion of the sale, the executive vice president now owns 129,650 shares of the company's stock, valued at approximately $2,608,558. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Veritable Limited Partnership invested 0.03% in The Western Union Company (NYSE:WU). The Firm operates through three divisions: 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. It dived, as 42 investors sold WU shares while 211 reduced holdings.