Intrepid Capital Management Inc. Sells 35,825 Shares of The Western Union Company (NYSE:WU)

Intrepid Capital Management Inc. reduced its holdings in The Western Union Company (NYSE:WU) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 337,381 shares of the credit services provider’s stock after selling 35,825 shares during the period. The Western Union accounts for about 3.0% of Intrepid Capital Management Inc.’s portfolio, making the stock its 15th largest holding. Intrepid Capital Management Inc.’s holdings in The Western Union were worth $6,231,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. grew its position in shares of The Western Union by 11.2% in the 4th quarter. BlackRock Inc. now owns 46,384,514 shares of the credit services provider’s stock valued at $791,319,000 after acquiring an additional 4,686,559 shares during the period. FMR LLC grew its position in shares of The Western Union by 1.4% in the 4th quarter. FMR LLC now owns 39,799,498 shares of the credit services provider’s stock valued at $678,980,000 after acquiring an additional 557,039 shares during the period. Clarkston Capital Partners LLC grew its position in shares of The Western Union by 6.3% in the 1st quarter. Clarkston Capital Partners LLC now owns 11,385,080 shares of the credit services provider’s stock valued at $210,282,000 after acquiring an additional 673,380 shares during the period. LSV Asset Management grew its position in shares of The Western Union by 1.2% in the 1st quarter. LSV Asset Management now owns 9,765,614 shares of the credit services provider’s stock valued at $180,370,000 after acquiring an additional 119,800 shares during the period. Finally, Norges Bank bought a new position in shares of The Western Union in the 4th quarter valued at about $85,840,000.

A number of research firms have issued reports on WU. ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Zacks Investment Research downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, February 16th. Finally, Northcoast Research downgraded shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The Western Union currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Shares of NYSE:WU traded down $0.09 during midday trading on Friday, hitting $19.97. The stock had a trading volume of 40,934 shares, compared to its average volume of 5,809,651. The stock has a market capitalization of $8.67 billion, a PE ratio of 10.41, a PEG ratio of 2.24 and a beta of 0.85. The Western Union Company has a fifty-two week low of $16.42 and a fifty-two week high of $21.37.

The Western Union (NYSE:WU) last issued its earnings results on Tuesday, May 7th. The credit services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. The Western Union had a net margin of 14.65% and a negative return on equity of 216.66%. The Western Union’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, sell-side analysts forecast that The Western Union Company will post 1.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Thursday, June 13th. The Western Union’s payout ratio is presently 41.67%.

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The Western Union Company Profile

The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.

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Institutional Ownership by Quarter for The Western Union (NYSE:WU)

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