Trading Report: The Alps Advisors Inc. cuts its investment of stake in Western Union Co. (WU)

The Alps Advisors Inc. cuts its investment of stake in Western Union Co. (WU)

Alps Advisors Inc. lowered its position in shares of Western Union Co. (NYSE:WU) by 5.2% during the second quarter, Holdings Channel reports. The institutional investor owned 21,897 shares of the company’s stock after selling 1,194 shares during the period. Alps Advisors Inc.’s holdings in Western Union were worth $420,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WU. Seven Eight Capital LLC purchased a new position in shares of Western Union during the first quarter worth $105,000. Checchi Capital Advisers LLC raised its position in shares of Western Union by 11.4% in the second quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the company’s stock worth $108,000 after buying an additional 577 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Western Union during the second quarter worth $109,000. Loomis Sayles & Co. L P raised its position in shares of 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 last quarter. Finally, Atria Investments LLC purchased a new position in shares of Western Union during the second quarter worth $207,000.

Shares of Western Union Co. (NYSE:WU) traded up 0.10% during trading on Friday, reaching $20.42. 3,577,752 shares of the company were exchanged. The firm has a 50-day moving average price of $20.83 and a 200-day moving average price of $19.95. The stock has a market capitalization of $9.96 billion, a P/E ratio of 12.29 and a beta of 1.19. Western Union Co. has a 1-year low of $16.02 and a 1-year high of $21.80.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.13%. Western Union’s payout ratio is currently 38.55%.

Several research analysts recently commented on the company. Monness Crespi & Hardt lowered Western Union from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a research report on Thursday, September 8th. Vetr lowered Western Union from a “sell” rating to a “strong sell” rating and set a $19.20 price target for the company. in a research report on Monday, August 29th. Zacks Investment Research lowered Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Morgan Stanley reiterated an “underweight” rating and issued a $17.00 price target on shares of Western Union in a research report on Tuesday, August 23rd. Finally, Barclays PLC lowered 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. Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. Western Union presently has an average rating of “Hold” and an average price target of $18.91.

In related news, Director Betsy D. Holden sold 21,281 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $21.02, for a total transaction of $447,326.62. Following the completion of the transaction, the director now owns 93,826 shares of the company’s stock, valued at approximately $1,972,222.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hikmet Ersek sold 276,127 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $21.52, for a total transaction of $5,942,253.04. Following the transaction, the insider now directly owns 407,285 shares of the company’s stock, valued at approximately $8,764,773.20. The disclosure for this sale can be found here. Corporate 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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