Western Union CEO Sells $930,365 in Stock (WU)
Western Union (NYSE:WU) CEO Hikmet Ersek sold 47,711 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $19.50, for a total value of $930,364.50. Following the sale, the chief executive officer now directly owns 208,394 shares of the company’s stock, valued at approximately $4,063,683. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
WU has been the subject of a number of recent research reports. Analysts at Compass Point downgraded shares of Western Union to a “neutral” rating in a research note to investors on Wednesday. They now have a $16.00 price target on the stock, down previously from $20.00. Separately, analysts at Barclays cut their price target on shares of Western Union from $17.00 to $16.00 in a research note to investors on Wednesday. They now have an “underweight” rating on the stock. Finally, analysts at Sterne Agee cut their price target on shares of Western Union to $20.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.86.
Western Union (NYSE:WU) traded down 12.42% on Wednesday, hitting $16.85. 55,178,204 shares of the company’s stock traded hands. Western Union has a 1-year low of $11.93 and a 1-year high of $19.14. The stock’s 50-day moving average is $18.09 and its 200-day moving average is $16.3. The company has a market cap of $9.300 billion and a P/E ratio of 12.15.
Western Union (NYSE:WU) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that Western Union will post $1.43 earnings per share for the current fiscal year.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.