James H. Hoffmeister Sells 2,252 Shares of Visa Inc (V) Stock
Visa Inc (NYSE:V) SVP James H. Hoffmeister sold 2,252 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $144.56, for a total transaction of $325,549.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
V stock opened at $138.64 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.61 and a current ratio of 1.61. Visa Inc has a 52 week low of $106.60 and a 52 week high of $151.56. The firm has a market cap of $285.83 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 1.58 and a beta of 1.11.
Visa (NYSE:V) last released its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.44 billion. Research analysts expect that Visa Inc will post 5.33 earnings per share for the current year.
Several research firms have recently weighed in on V. Credit Suisse Group raised their price objective on shares of Visa from $150.00 to $164.00 and gave the company an “outperform” rating in a research report on Monday, October 8th. JPMorgan Chase & Co. restated a “buy” rating and set a $166.00 price objective on shares of Visa in a research report on Thursday, October 25th. Robert W. Baird raised their price objective on shares of Visa from $156.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, September 14th. Bank of America raised their price objective on shares of Visa from $155.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, BMO Capital Markets began coverage on shares of Visa in a research report on Wednesday, September 26th. They set an “outperform” rating and a $187.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $156.09.
Several hedge funds have recently added to or reduced their stakes in V. Vanguard Group Inc. grew its holdings in Visa by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after acquiring an additional 640,593 shares during the last quarter. BlackRock Inc. grew its holdings in Visa by 0.8% in the 3rd quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock worth $18,383,832,000 after acquiring an additional 936,305 shares during the last quarter. FMR LLC grew its holdings in Visa by 1.7% in the 3rd quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after acquiring an additional 1,450,809 shares during the last quarter. Morgan Stanley grew its holdings in Visa by 3.9% in the 3rd quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock worth $4,466,371,000 after acquiring an additional 1,119,197 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Visa by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 18,087,489 shares of the credit-card processor’s stock worth $2,714,751,000 after acquiring an additional 401,700 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.
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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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