Roberto G. Mendoza Sells 26,504 Shares of The Western Union Company (NYSE:WU) Stock

The Western Union Company (NYSE:WU) Director Roberto G. Mendoza sold 26,504 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $26.94, for a total transaction of $714,017.76. Following the completion of the sale, the director now directly owns 94,334 shares in the company, valued at $2,541,357.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE:WU opened at $26.81 on Wednesday. The company has a fifty day moving average of $26.49 and a 200-day moving average of $22.65. The firm has a market capitalization of $11.29 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.23 and a beta of 0.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 101.99. The Western Union Company has a twelve month low of $16.42 and a twelve month high of $28.00.

The Western Union (NYSE:WU) last issued its earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The Western Union’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, analysts anticipate that The Western Union Company will post 1.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.98%. The ex-dividend date is Monday, December 16th. The Western Union’s dividend payout ratio (DPR) is currently 41.67%.

Several hedge funds and other institutional investors have recently made changes to their positions in WU. AGF Investments LLC grew its position in The Western Union by 25.6% in the 2nd quarter. AGF Investments LLC now owns 18,108 shares of the credit services provider’s stock valued at $360,000 after purchasing an additional 3,687 shares during the period. CIBC Asset Management Inc increased its stake in shares of The Western Union by 3.2% during the 2nd quarter. CIBC Asset Management Inc now owns 42,238 shares of the credit services provider’s stock worth $840,000 after purchasing an additional 1,300 shares during the last quarter. Andra AP fonden increased its stake in shares of The Western Union by 27.0% during the 3rd quarter. Andra AP fonden now owns 400,200 shares of the credit services provider’s stock worth $9,273,000 after purchasing an additional 85,100 shares during the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of The Western Union by 30.6% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 54,994 shares of the credit services provider’s stock worth $2,341,000 after purchasing an additional 12,881 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of The Western Union by 7.1% in the 3rd quarter. California Public Employees Retirement System now owns 3,733,524 shares of the credit services provider’s stock worth $86,506,000 after purchasing an additional 248,390 shares during the period.

A number of brokerages recently weighed in on WU. Deutsche Bank set a $25.00 target price on shares of The Western Union and gave the stock a “hold” rating in a research note on Friday, November 1st. Citigroup set a $20.50 price target on shares of The Western Union and gave the company a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of The Western Union from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday. TheStreet downgraded The Western Union from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Finally, Barclays lifted their price objective on The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.77.

The Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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Insider Buying and Selling by Quarter for The Western Union (NYSE:WU)

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