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Let’s Start With The Stock Forecast For The Western Union Company (NYSE: WU)

In the last trading session, 7.02 million The Western Union Company (NYSE:WU) shares changed hands as the company’s beta touched 0.88. With the company’s per share price at $12.63 changed hands at -$0.09 or -0.71% during last session, the market valuation stood at $4.76B. WU’s last price was a discount, traded about -17.5% off its 52-week high of $14.84. The share price had its 52-week low at $10.07, which suggests the last value was 20.27% up since then. When we look at The Western Union Company’s average trading volume, we note the 10-day average is 5.76 million shares, with the 3-month average coming to 4.51 million.

Analysts gave the The Western Union Company (WU) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.20. If we narrow down to specifics, the data shows that 6 out of 22 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 13 recommended WU as a Hold, 2 felt it is a Buy and 1 rated the stock as Underweight. The Western Union Company’s EPS for the current quarter is expected to be $Micron Technology, Inc..

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The Western Union Company (NYSE:WU) trade information

Instantly WU was in red as seen at the end of in last trading. With action -1.17%, the performance over the past five days has been red. The drop to weekly highs of 13.18 on Friday, 09/15/23 subtracted -0.71% to the stock’s daily price. The company’s shares are showing year-to-date downside of -8.28%, with the 5-day performance at -1.17% in the red. However, in the 30-day time frame, The Western Union Company (NYSE:WU) is 8.32% up. Looking at the short shares, we see there were 19.33 million shares sold at short interest cover period of 5.51 days.

The consensus price target for the stock as assigned by Wall Street analysts is $13.00, meaning bulls need an upside of 2.85% from its current market value. According to analyst projections, WU’s forecast low is $10.00 with $18.00 as the target high. To hit the forecast high, the stock’s price needs a -42.52% plunge from its current level, while the stock would need to tank 20.82% for it to hit the projected low.

The Western Union Company (WU) estimates and forecasts

Data shows that the The Western Union Company share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 17.82% over the past 6 months, a -2.84% in annual growth rate that is considerably lower than the industry average of 11.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 32.20%. The 2023 estimates are for The Western Union Company earnings to increase by 19.00%, but the outlook for the next 5-year period is at 1.37% per year.

WU Dividends

The Western Union Company is expected to release its next quarterly earnings report in October. The 7.44% annual yield figure for the share gives it an annual dividend of 0.94. It is important to note, however, that the 7.44% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

The Western Union Company (NYSE:WU)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.38% of The Western Union Company shares while 96.22% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.59%. There are 96.22% institutions holding the The Western Union Company stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 11.09% of the shares, roughly 41.52 million WU shares worth $487.09 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 9.82% or 36.78 million shares worth $431.43 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and American Mutual Fund Inc. With 11.68 million shares estimated at $136.99 million under it, the former controlled 3.12% of total outstanding shares. On the other hand, American Mutual Fund Inc held about 3.04% of the shares, roughly 11.37 million shares worth around $133.41 million.

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