The Cooke & Bieler LP reached $48,204,000 position of Western Union Co. (WU)

The Cooke & Bieler LP reached $48,204,000 position  of Western Union Co. (WU)

Cooke & Bieler LP lowered its position in shares of Western Union Co. (NYSE:WU) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 2,513,226 shares of the company’s stock after selling 55,841 shares during the period. Cooke & Bieler LP’s holdings in Western Union were worth $48,204,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P boosted its stake in Western Union by 69.3% in the first quarter. Loomis Sayles & Co. L P now owns 9,087 shares of the company’s stock worth $175,000 after buying an additional 3,721 shares during the period. Chubb Ltd. bought a new stake in shares of Western Union during the first quarter worth approximately $13,503,000. Pictet Asset Management Ltd. boosted its stake in shares of Western Union by 2.2% in the first quarter. Pictet Asset Management Ltd. now owns 390,867 shares of the company’s stock worth $7,137,000 after buying an additional 8,400 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Western Union by 25.0% in the first quarter. Rafferty Asset Management LLC now owns 68,134 shares of the company’s stock worth $1,314,000 after buying an additional 13,630 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Western Union by 21.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,695,100 shares of the company’s stock worth $71,278,000 after buying an additional 652,600 shares during the last quarter.

Shares of Western Union Co. (NYSE:WU) traded up 1.130% during midday trading on Friday, hitting $20.145. The stock had a trading volume of 2,414,492 shares. Western Union Co. has a 52-week low of $16.02 and a 52-week high of $21.80. The firm’s 50 day moving average price is $20.69 and its 200 day moving average price is $19.98. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 12.121 and a beta of 1.19.

Western Union (NYSE:WU) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Western Union had a return on equity of 63.02% and a net margin of 15.33%. The company earned $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $0.41 EPS. Western Union’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts expect that Western Union Co. will post $1.65 earnings per share for the current year.

A number of analysts have commented on WU shares. Zacks Investment Research cut Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Barclays PLC cut Western Union from an “equal weight” rating to an “underweight” rating and set a $20.00 price target for the company. in a research report on Thursday, July 7th. Vetr upgraded Western Union from a “strong sell” rating to a “hold” rating and set a $19.20 price target for the company in a research report on Thursday, July 7th. BTIG Research restated a “buy” rating and issued a $23.00 price target on shares of Western Union in a research report on Monday, August 1st. Finally, Citigroup Inc. upped their price target on Western Union from $15.50 to $17.00 and gave the stock a “sell” rating in a research report on Thursday, August 4th. Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.91.

In related news, Director Michael Miles sold 21,281 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $20.37, for a total value of $433,493.97. Following the transaction, the director now directly owns 126,819 shares in the company, valued at $2,583,303.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hikmet Ersek sold 276,127 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $21.52, for a total value of $5,942,253.04. Following the completion of the transaction, the insider now owns 407,285 shares in the company, valued at $8,764,773.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Western Union 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. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another.

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