Management just announced quarterly financial results and beat Wall Street’s earnings estimate of $0.39 by $0.02. The company also beat analysts’ expectations on revenue by $40 million. Western Union even announced a 24% increase in its quarterly dividend to $0.155 per common share. Such “dividend achievers” historically outperform the market by a statistically significant margin. But what I like best is Western Union’s 20.6% increase in profit margin.
The company’s Director sold 10,000 shares on Sep 3, 2015 for a total value of $1,601,950. Offsetting that news, analysts maintain an aggressive consensus price target for shares at $179.42.
The company’s President sold 14,561 shares on September 11, 2015 for a total value of $820,616. Offsetting that news, Stifel Nicolaus raised its price target on the stock from $60 per share to $68 per share.
The President and Chief Operating Officer sold 10,000 shares at $102 on August 10, 2015. The transaction had a total value worth of $1,020,000. Offsetting that news, the Board of Directors just paid shareholders a 20% higher quarterly dividend. This marks the 39th consecutive year of dividend increases for Carlisle shareholders. Dividend achievers are notorious outperformers.
JP Morgan just named the company the second best healthcare stock to own, saying “With retention and new business trends improving, we believe sentiment should continue to improve, and that the P/E can expand from the currently depressed level (shares trade at a sizeable discount to the historical P/E over the past 10-years).
Unfavorable timing into this trade, which occurred on the brink of Black Monday, has this position in trouble made worse by the fact that U.S. gasoline inventories increased by 1.7 million. Analysts had expected inventories to decrease by 950,000 barrels.