State of Alaska Department of Revenue Decreases Holdings in The Western Union Company (NYSE:WU)

State of Alaska Department of Revenue cut its stake in shares of The Western Union Company (NYSE:WUFree Report) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 237,671 shares of the credit services provider’s stock after selling 1,315 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Western Union worth $3,321,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. increased its stake in shares of Western Union by 2.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 44,100 shares of the credit services provider’s stock worth $526,000 after purchasing an additional 1,000 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Western Union by 3.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 32,277 shares of the credit services provider’s stock worth $385,000 after purchasing an additional 1,076 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Western Union by 1.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 112,237 shares of the credit services provider’s stock worth $1,569,000 after purchasing an additional 1,793 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Western Union in the 1st quarter worth $30,000. Finally, Riverview Trust Co purchased a new stake in shares of Western Union in the 1st quarter worth $32,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Western Union Stock Down 1.1 %

WU opened at $12.11 on Friday. The firm has a 50-day simple moving average of $12.77 and a two-hundred day simple moving average of $12.84. The Western Union Company has a 52 week low of $10.92 and a 52 week high of $14.19. The company has a market capitalization of $4.10 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.38.

Western Union (NYSE:WUGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. Western Union had a net margin of 14.12% and a return on equity of 120.76%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Analysts forecast that The Western Union Company will post 1.76 earnings per share for the current fiscal year.

Western Union Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date was Friday, June 14th. Western Union’s payout ratio is 55.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WU shares. JPMorgan Chase & Co. increased their price target on Western Union from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Monness Crespi & Hardt started coverage on Western Union in a research note on Wednesday, March 20th. They issued a “neutral” rating for the company. Finally, Evercore ISI increased their price target on Western Union from $14.00 to $15.00 and gave the stock an “in-line” rating in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, Western Union has a consensus rating of “Hold” and an average target price of $13.61.

Get Our Latest Research Report on WU

Western Union Company Profile

(Free Report)

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.

Featured Articles

Institutional Ownership by Quarter for Western Union (NYSE:WU)

Receive News & Ratings for Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union and related companies with MarketBeat.com's FREE daily email newsletter.