The Western Union Company (NYSE:WU) EVP Sells $740,484.50 in Stock

The Western Union Company (NYSE:WU) EVP Richard L. Williams sold 35,686 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $20.75, for a total transaction of $740,484.50. Following the completion of the sale, the executive vice president now owns 130,439 shares of the company’s stock, valued at approximately $2,706,609.25. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of NYSE:WU opened at $20.50 on Friday. The business has a 50-day moving average of $19.93. The stock has a market cap of $8.83 billion, a P/E ratio of 10.68, a P/E/G ratio of 2.27 and a beta of 0.82. The Western Union Company has a fifty-two week low of $16.42 and a fifty-two week high of $20.89.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The Western Union’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. As a group, analysts anticipate that The Western Union Company will post 1.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Thursday, June 13th. The Western Union’s dividend payout ratio (DPR) is currently 41.67%.

Several research firms have recently issued reports on WU. Zacks Investment Research upgraded shares of Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Saturday, April 27th. ValuEngine upgraded shares of The Western Union from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Northcoast Research lowered shares of The Western Union from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Several large investors have recently modified their holdings of WU. Norges Bank purchased a new position in shares of The Western Union in the 4th quarter worth about $85,840,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of The Western Union by 176.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,827,783 shares of the credit services provider’s stock worth $31,182,000 after buying an additional 1,167,589 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of The Western Union by 16,646.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,104,597 shares of the credit services provider’s stock worth $20,402,000 after buying an additional 1,098,001 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of The Western Union by 34.1% in the 4th quarter. APG Asset Management N.V. now owns 3,912,434 shares of the credit services provider’s stock worth $58,388,000 after buying an additional 995,900 shares during the last quarter. Finally, Clarkston Capital Partners LLC boosted its holdings in shares of The Western Union by 6.3% in the 1st quarter. Clarkston Capital Partners LLC now owns 11,385,080 shares of the credit services provider’s stock worth $210,282,000 after buying an additional 673,380 shares during the last quarter.

About The Western Union

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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