Western Union Company (The) (WU) Stake Increased by Loudon Investment Management LLC

Loudon Investment Management LLC raised its stake in Western Union Company (The) (NYSE:WU) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 11,170 shares of the credit services provider’s stock after buying an additional 150 shares during the period. Loudon Investment Management LLC’s holdings in Western Union Company (The) were worth $213,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the company. Nikko Asset Management Americas Inc. boosted its stake in Western Union Company (The) by 5.3% in the second quarter. Nikko Asset Management Americas Inc. now owns 86,000 shares of the credit services provider’s stock valued at $1,638,000 after buying an additional 4,300 shares during the last quarter. Legal & General Group Plc boosted its stake in Western Union Company (The) by 9.1% in the second quarter. Legal & General Group Plc now owns 2,719,365 shares of the credit services provider’s stock valued at $51,803,000 after buying an additional 227,463 shares during the last quarter. State of Wisconsin Investment Board acquired a new stake in Western Union Company (The) during the second quarter valued at $1,355,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Western Union Company (The) by 1.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 220,914 shares of the credit services provider’s stock valued at $4,208,000 after buying an additional 2,121 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Western Union Company (The) by 128.4% in the second quarter. Advisors Asset Management Inc. now owns 442,543 shares of the credit services provider’s stock valued at $8,430,000 after buying an additional 248,793 shares during the last quarter.

Western Union Company (WU) opened at 18.88 on Friday. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 48.53 and a beta of 1.19. The stock has a 50 day moving average price of $19.17 and a 200-day moving average price of $19.49. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70.

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Equities analysts forecast that Western Union Company will post $1.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio (DPR) is 179.49%.

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Several research firms recently weighed in on WU. Stifel Nicolaus restated a “hold” rating and set a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Barclays PLC lifted their price target on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, August 4th. Mizuho began coverage on Western Union Company (The) in a research report on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price target on the stock. BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, TheStreet raised Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.27.

In related news, EVP John David Thompson sold 23,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $472,820.00. Following the sale, the executive vice president now owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Western Union Company (The) Company Profile

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: 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.

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