Stock Traders Purchase High Volume of Visa Put Options (V)
Visa Inc. (NYSE:V) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 1,870 put options on the company. This is an increase of approximately 258% compared to the typical daily volume of 523 put options.
Shares of Visa (NYSE:V) opened at 94.17 on Friday. The firm’s 50-day moving average is $93.71 and its 200-day moving average is $87.18. The firm has a market cap of $217.20 billion, a P/E ratio of 46.99 and a beta of 0.94. Visa has a 52-week low of $73.25 and a 52-week high of $96.60.
Visa (NYSE:V) last posted its earnings results on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.07. Visa had a return on equity of 29.14% and a net margin of 28.78%. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was up 23.5% compared to the same quarter last year. Analysts anticipate that Visa will post $3.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Friday, May 19th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio (DPR) is presently 33.00%.
A number of analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective (up from $96.00) on shares of Visa in a report on Tuesday, June 6th. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 target price on the stock. in a report on Monday, June 5th. BidaskClub downgraded shares of Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a report on Wednesday. Finally, Citigroup Inc. restated a “buy” rating and set a $100.00 target price on shares of Visa in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Visa presently has a consensus rating of “Buy” and an average price target of $95.73.
In other Visa news, Vice Chairman Ellen Richey sold 31,260 shares of Visa stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total value of $2,874,044.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.
Several institutional investors have recently bought and sold shares of V. Clearbridge Investments LLC boosted its position in Visa by 41.4% in the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock valued at $812,776,000 after buying an additional 2,677,533 shares during the period. Laurel Wealth Advisors Inc. boosted its position in Visa by 36.1% in the first quarter. Laurel Wealth Advisors Inc. now owns 5,649 shares of the credit-card processor’s stock valued at $502,000 after buying an additional 1,499 shares during the period. Perigon Wealth Management LLC boosted its position in Visa by 2.4% in the first quarter. Perigon Wealth Management LLC now owns 60,862 shares of the credit-card processor’s stock valued at $5,409,000 after buying an additional 1,445 shares during the period. Seaward Management Limited Partnership boosted its position in Visa by 10.6% in the first quarter. Seaward Management Limited Partnership now owns 11,720 shares of the credit-card processor’s stock valued at $1,041,000 after buying an additional 1,120 shares during the period. Finally, Franklin Parlapiano Turner & Welch LLC acquired a new position in Visa during the first quarter valued at about $4,778,000. 83.59% of the stock is currently owned by hedge funds and other institutional investors.
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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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