Investors Sell Visa Inc. (V) on Strength (V)
Investors sold shares of Visa Inc. (NYSE:V) on strength during trading on Tuesday. $67.76 million flowed into the stock on the tick-up and $109.16 million flowed out of the stock on the tick-down, for a money net flow of $41.40 million out of the stock. Of all equities tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.15 for the day and closed at $105.59
A number of research firms have issued reports on V. Vetr upgraded shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 target price for the company in a research report on Wednesday, September 13th. BMO Capital Markets restated an “outperform” rating on shares of Visa in a report on Tuesday, September 12th. KeyCorp restated a “buy” rating and set a $110.00 price target on shares of Visa in a report on Wednesday. Royal Bank Of Canada restated a “buy” rating and set a $124.00 price target on shares of Visa in a report on Friday, September 22nd. Finally, Robert W. Baird restated a “buy” rating and set a $122.00 price target on shares of Visa in a report on Tuesday, September 26th. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $108.76.
The firm has a market cap of $240.78 billion, a price-to-earnings ratio of 39.16 and a beta of 0.93. The firm’s 50 day moving average is $104.30 and its 200 day moving average is $96.70.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the company posted $0.69 earnings per share. Visa’s revenue was up 25.8% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post $3.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. Visa’s dividend payout ratio (DPR) is presently 24.54%.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
A number of institutional investors have recently made changes to their positions in V. Patriot Wealth Management Inc. grew its stake in Visa by 1.5% during the first quarter. Patriot Wealth Management Inc. now owns 67,670 shares of the credit-card processor’s stock worth $6,014,000 after buying an additional 997 shares in the last quarter. Nicolet Bankshares Inc. grew its stake in Visa by 0.3% during the first quarter. Nicolet Bankshares Inc. now owns 9,312 shares of the credit-card processor’s stock worth $828,000 after buying an additional 27 shares in the last quarter. Guardian Investment Management grew its stake in Visa by 16.3% during the first quarter. Guardian Investment Management now owns 33,629 shares of the credit-card processor’s stock worth $1,639,000 after buying an additional 4,703 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in Visa by 1.8% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 49,915 shares of the credit-card processor’s stock worth $4,147,000 after buying an additional 872 shares in the last quarter. Finally, Sippican Capital Advisors acquired a new stake in Visa during the first quarter worth about $222,000. Hedge funds and other institutional investors own 81.69% 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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