Academy Capital Management Inctx Lowers stake in The Western Union Company (WU)

The Western Union Company (WU) : Academy Capital Management Inctx reduced its stake in The Western Union Company by 0.15% during the most recent quarter end. The investment management company now holds a total of 61,235 shares of The Western Union Company which is valued at $1,250,419 after selling 92 shares in The Western Union Company , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.The Western Union Company makes up approximately 0.33% of Academy Capital Management Inctx’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in WU in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 18,491 shares of The Western Union Company which is valued at $377,586. The Western Union Company makes up approx 0.07% of Advisory Services Network’s portfolio.Independent Portfolio Consultants reduced its stake in WU by selling 2,660 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 125,285 shares of WU which is valued at $2,543,286. The Western Union Company makes up approx 0.80% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WU by selling 44,876 shares or 52.26% in the most recent quarter. The Hedge Fund company now holds 40,991 shares of WU which is valued at $832,117.Washington Trust Bank boosted its stake in WU in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 995 shares of The Western Union Company which is valued at $20,199. Cacti Asset Management sold out all of its stake in WU during the most recent quarter. The investment firm sold 5,000 shares of WU which is valued $101,500.

The Western Union Company opened for trading at $20.4 and hit $20.47 on the upside on Friday, eventually ending the session at $20.42, with a gain of 0.10% or 0.02 points. The heightened volatility saw the trading volume jump to 35,77,752 shares. Company has a market cap of $9,960 M.

On the company’s financial health, The Western Union Company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $1375.70 million for the quarter, compared to analysts expectations of $1376.71 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on The Western Union Company. The Western Union Company was Downgraded by Susquehanna to ” Negative” on Sep 19, 2016.

The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations including utilities auto finance companies mortgage servicers financial service providers government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions primarily cross-border cross-currency transactions for small and medium size enterprises and other organizations and individuals.

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