Visa Inc (NYSE:V) EVP William M. Sheedy sold 13,864 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $144.97, for a total value of $2,009,864.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

V opened at $138.64 on Thursday. The stock has a market cap of $285.83 billion, a PE ratio of 30.07, a P/E/G ratio of 1.58 and a beta of 1.11. Visa Inc has a 52-week low of $106.60 and a 52-week high of $151.56. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.44 billion. Visa had a return on equity of 38.00% and a net margin of 49.98%. On average, equities research analysts forecast that Visa Inc will post 5.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, November 15th. This is an increase from Visa’s previous quarterly dividend of $0.21. Visa’s dividend payout ratio is 21.69%.

A number of large investors have recently made changes to their positions in V. Parsons Capital Management Inc. RI boosted its stake in Visa by 23.9% during the 1st quarter. Parsons Capital Management Inc. RI now owns 30,191 shares of the credit-card processor’s stock valued at $3,611,000 after purchasing an additional 5,825 shares during the period. Principal Financial Group Inc. boosted its stake in Visa by 7.0% during the 1st quarter. Principal Financial Group Inc. now owns 4,197,728 shares of the credit-card processor’s stock valued at $502,132,000 after purchasing an additional 276,308 shares during the period. Verition Fund Management LLC bought a new stake in Visa during the 1st quarter valued at approximately $1,630,000. Kiwi Wealth Investments Limited Partnership boosted its stake in Visa by 2.5% during the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 176,004 shares of the credit-card processor’s stock valued at $21,054,000 after purchasing an additional 4,343 shares during the period. Finally, TLP Group LLC bought a new stake in Visa during the 1st quarter valued at approximately $205,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

A number of brokerages have commented on V. Barclays began coverage on Visa in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $170.00 target price on the stock. BMO Capital Markets boosted their target price on Visa from $187.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. JPMorgan Chase & Co. restated a “buy” rating and issued a $166.00 target price on shares of Visa in a research note on Thursday, October 25th. Credit Suisse Group boosted their target price on Visa from $150.00 to $164.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Finally, Wells Fargo & Co boosted their target price on Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus target price of $156.09.

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Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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