Investors Sell Visa Inc. (V) on Strength (V)
Investors sold shares of Visa Inc. (NYSE:V) on strength during trading hours on Wednesday. $64.53 million flowed into the stock on the tick-up and $147.36 million flowed out of the stock on the tick-down, for a money net flow of $82.83 million out of the stock. Of all companies tracked, Visa had the 6th highest net out-flow for the day. Visa traded up $0.38 for the day and closed at $112.47
V has been the topic of several recent research reports. BidaskClub upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $110.00 price target on shares of Visa in a research report on Thursday, July 13th. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $100.12 price objective for the company. in a research note on Monday, July 17th. Jefferies Group LLC increased their price objective on shares of Visa from $104.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $116.08.
The company has a market cap of $257,190.00, a price-to-earnings ratio of 32.16, a PEG ratio of 1.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.65.
Visa (NYSE:V) last released its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. equities research analysts anticipate that Visa Inc. will post 4.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be issued a dividend of $0.195 per share. This is a positive change from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is presently 24.54%.
In related news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Visa by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after buying an additional 2,628,148 shares in the last quarter. BlackRock Inc. lifted its holdings in Visa by 1.3% during the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock valued at $10,751,846,000 after buying an additional 1,440,034 shares in the last quarter. State Street Corp lifted its holdings in Visa by 0.9% during the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock valued at $7,418,151,000 after buying an additional 722,878 shares in the last quarter. Jennison Associates LLC lifted its holdings in Visa by 1.0% during the 3rd quarter. Jennison Associates LLC now owns 21,283,466 shares of the credit-card processor’s stock valued at $2,239,872,000 after buying an additional 209,764 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Visa by 9.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock valued at $2,019,358,000 after buying an additional 1,624,700 shares in the last quarter. Institutional investors own 81.77% of the company’s stock.
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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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