California State Teachers Retirement System Lowers Position in The Western Union Company (WU)

California State Teachers Retirement System lowered its position in The Western Union Company (NYSE:WU) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 774,415 shares of the credit services provider’s stock after selling 24,042 shares during the period. California State Teachers Retirement System owned approximately 0.17% of The Western Union worth $14,892,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management grew its holdings in The Western Union by 3.9% during the 1st quarter. Hanson & Doremus Investment Management now owns 75,047 shares of the credit services provider’s stock valued at $1,443,000 after buying an additional 2,816 shares during the last quarter. Boston Research & Management Inc. grew its holdings in The Western Union by 2.0% during the 1st quarter. Boston Research & Management Inc. now owns 146,585 shares of the credit services provider’s stock valued at $2,818,000 after buying an additional 2,850 shares during the last quarter. BB&T Securities LLC grew its holdings in The Western Union by 2.0% during the 1st quarter. BB&T Securities LLC now owns 165,263 shares of the credit services provider’s stock valued at $3,178,000 after buying an additional 3,166 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in The Western Union by 0.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 778,245 shares of the credit services provider’s stock valued at $14,965,000 after buying an additional 3,345 shares during the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in The Western Union by 22.8% during the 4th quarter. Tocqueville Asset Management L.P. now owns 21,066 shares of the credit services provider’s stock valued at $400,000 after buying an additional 3,905 shares during the last quarter.

In other The Western Union news, EVP Odilon Almeida sold 81,008 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $21.00, for a total transaction of $1,701,168.00. Following the transaction, the executive vice president now owns 227,597 shares of the company’s stock, valued at approximately $4,779,537. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.



Separately, ValuEngine cut The Western Union from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.06.

Shares of The Western Union stock opened at $21.14 on Friday. The Western Union Company has a fifty-two week low of $18.38 and a fifty-two week high of $22.21. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.65 and a beta of 1.00. The company has a debt-to-equity ratio of -8.36, a quick ratio of 0.84 and a current ratio of 0.84.

The Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The Western Union had a positive return on equity of 698.54% and a negative net margin of 9.00%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. analysts expect that The Western Union Company will post 1.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, June 14th. The Western Union’s dividend payout ratio is presently 42.22%.

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

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