Fort L.P. cut its stake in shares of The Western Union Company (NYSE:WU) by 50.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 274,863 shares of the credit services provider’s stock after selling 279,472 shares during the period. The Western Union comprises approximately 1.0% of Fort L.P.’s investment portfolio, making the stock its 3rd biggest position. Fort L.P.’s holdings in The Western Union were worth $5,077,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the company. Somerset Trust Co acquired a new stake in The Western Union in the first quarter valued at $26,000. Ffcm LLC increased its holdings in The Western Union by 50.0% in the fourth quarter. Ffcm LLC now owns 1,695 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 565 shares during the period. Ellis Investment Partners LLC acquired a new stake in The Western Union in the first quarter valued at $36,000. Oregon Public Employees Retirement Fund increased its holdings in The Western Union by 1,585.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 851,158 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 800,665 shares during the period. Finally, Investors Research Corp acquired a new stake in The Western Union in the first quarter valued at $50,000.
A number of analysts have commented on WU shares. ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Northcoast Research cut shares of The Western Union from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research cut shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.00.
Shares of WU opened at $20.06 on Friday. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 2.21 and a beta of 0.85. The Western Union Company has a 12 month low of $16.42 and a 12 month high of $21.37.
The Western Union (NYSE:WU) last released its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. On average, equities research analysts expect that The Western Union Company will post 1.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.99%. The Western Union’s dividend payout ratio (DPR) is presently 41.67%.
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The Western Union 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.
Further Reading: Key terms to understand channel trading
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