Weaver C. Barksdale Associates buys $904,926 stake in The Western Union Company (WU)

The Western Union Company (WU) : Weaver C. Barksdale Associates scooped up 1,545 additional shares in The Western Union Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 45,428 shares of The Western Union Company which is valued at $904,926.The Western Union Company makes up approximately 1.55% of Weaver C. Barksdale Associates’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in WU by selling 22,874 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 2,498,244 shares of WU which is valued at $49,765,020. The Western Union Company makes up approx 0.05% of Legal General Group Plc’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in WU by selling 23,287 shares or 16.14% in the most recent quarter. The Hedge Fund company now holds 120,998 shares of WU which is valued at $2,455,049. The Western Union Company makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in WU by selling 2,595 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 124,536 shares of WU which is valued at $2,543,025. The Western Union Company makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.Telemus Capital boosted its stake in WU in the latest quarter, The investment management firm added 8,150 additional shares and now holds a total of 24,365 shares of The Western Union Company which is valued at $494,610. The Western Union Company makes up approx 0.06% of Telemus Capital’s portfolio.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.

The Western Union Company closed down -0.37 points or -1.82% at $19.92 with 33,25,573 shares getting traded on Tuesday. Post opening the session at $20.27, the shares hit an intraday low of $19.85 and an intraday high of $20.28 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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