Visa Inc. (NYSE:V) SVP James H. Hoffmeister sold 11,139 shares of Visa stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total transaction of $957,397.05. Following the completion of the sale, the senior vice president now owns 6,390 shares in the company, valued at $549,220.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Visa Inc. (NYSE:V) opened at 85.90 on Monday. The stock has a market capitalization of $199.64 billion, a P/E ratio of 33.29 and a beta of 1.00. Visa Inc. has a one year low of $69.58 and a one year high of $86.82. The company’s 50-day moving average is $82.11 and its 200-day moving average is $81.09.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. Visa had a net margin of 38.30% and a return on equity of 26.48%. The company had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post $3.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Friday, February 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. Visa’s payout ratio is currently 26.09%.
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A number of hedge funds have recently added to or reduced their stakes in V. First National Trust Co. boosted its position in shares of Visa by 6.0% in the second quarter. First National Trust Co. now owns 48,220 shares of the credit-card processor’s stock worth $3,577,000 after buying an additional 2,717 shares during the last quarter. Ariel Capital Advisors LLC boosted its position in shares of Visa by 9.9% in the second quarter. Ariel Capital Advisors LLC now owns 28,272 shares of the credit-card processor’s stock worth $2,097,000 after buying an additional 2,555 shares during the last quarter. Tillar Wenstrup Advisors LLC boosted its position in shares of Visa by 2.0% in the second quarter. Tillar Wenstrup Advisors LLC now owns 25,627 shares of the credit-card processor’s stock worth $1,901,000 after buying an additional 502 shares during the last quarter. Dock Street Asset Management Inc. boosted its position in shares of Visa by 0.3% in the second quarter. Dock Street Asset Management Inc. now owns 104,508 shares of the credit-card processor’s stock worth $7,751,000 after buying an additional 280 shares during the last quarter. Finally, Huntington National Bank raised its position in Visa by 443.9% in the second quarter. Huntington National Bank now owns 297,559 shares of the credit-card processor’s stock worth $22,070,000 after buying an additional 242,852 shares during the period. 80.76% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on the stock. BMO Capital Markets reissued a “buy” rating on shares of Visa in a research note on Tuesday, November 29th. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $84.76 price objective for the company. in a research note on Monday, November 21st. Cowen and Company reissued an “outperform” rating and issued a $100.00 price objective on shares of Visa in a research note on Tuesday, October 18th. Guggenheim cut shares of Visa from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $90.00 to $97.00 in a research note on Tuesday, October 25th. Finally, Wedbush reissued a “neutral” rating and issued a $77.00 price objective on shares of Visa in a research note on Friday, October 21st. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $93.35.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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