The #Western Union #Company (WU) Stake #Lifted by #California Public Employees #Retirement #System

California Public Employees Retirement System grew its holdings in The Western Union Company (NYSE:WU) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,553,917 shares of the credit services provider’s stock after purchasing an additional 87,060 shares during the quarter. California Public Employees Retirement System owned about 0.34% of The Western Union worth $29,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC raised its stake in The Western Union by 110.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 112,081 shares of the credit services provider’s stock worth $2,152,000 after buying an additional 58,766 shares during the period. Caxton Associates LP acquired a new position in The Western Union during the 3rd quarter worth approximately $532,000. Jane Street Group LLC acquired a new position in The Western Union during the 3rd quarter worth approximately $5,674,000. Vident Investment Advisory LLC raised its stake in The Western Union by 14.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 25,022 shares of the credit services provider’s stock worth $481,000 after buying an additional 3,091 shares during the period. Finally, Intrepid Capital Management Inc. raised its stake in The Western Union by 0.4% during the 3rd quarter. Intrepid Capital Management Inc. now owns 695,227 shares of the credit services provider’s stock worth $13,348,000 after buying an additional 2,900 shares during the period.

WU has been the topic of a number of research reports. ValuEngine downgraded The Western Union from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded The Western Union from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Jefferies Group reissued a “hold” rating and issued a $19.00 price objective on shares of The Western Union in a research note on Thursday, October 12th. Mizuho reissued a “sell” rating and issued a $16.00 price objective on shares of The Western Union in a research note on Sunday, October 15th. Finally, Morgan Stanley increased their price objective on The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The Western Union presently has a consensus rating of “Hold” and a consensus price target of $19.88.

The Western Union Company (WU) traded up $0.13 during mid-day trading on Monday, hitting $19.48. The stock had a trading volume of 18,819,900 shares, compared to its average volume of 4,286,305. The company has a market capitalization of $8,947.01, a price-to-earnings ratio of 10.53, a PEG ratio of 1.84 and a beta of 1.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.98. The Western Union Company has a 52 week low of $18.39 and a 52 week high of $22.70.

The Western Union (NYSE:WU) last released its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. The Western Union had a return on equity of 116.85% and a net margin of 3.83%. The Western Union’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. equities research analysts anticipate that The Western Union Company will post 1.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, December 15th. The Western Union’s dividend payout ratio is presently 152.17%.

In other news, EVP Jean Claude Farah sold 17,518 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total value of $359,119.00. Following the completion of the transaction, the executive vice president now directly owns 139,500 shares of the company’s stock, valued at $2,859,750. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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