Traders Buy Shares of Visa (V) on Weakness After Insider Selling
Traders bought shares of Visa Inc (NYSE:V) on weakness during trading on Monday after an insider sold shares in the company. $172.27 million flowed into the stock on the tick-up and $151.29 million flowed out of the stock on the tick-down, for a money net flow of $20.98 million into the stock. Of all stocks tracked, Visa had the 15th highest net in-flow for the day. Visa traded down ($0.27) for the day and closed at $113.55Specifically, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the sale, the senior vice president now owns 687 shares of the company’s stock, valued at approximately $77,005.83. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the completion of the sale, the executive vice president now directly owns 76,202 shares in the company, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,068 shares of company stock worth $6,597,262. Company insiders own 0.14% of the company’s stock.
A number of research analysts have recently commented on V shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $120.00 price target on shares of Visa in a research note on Wednesday, October 25th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group increased their price target on Visa from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, October 30th. UBS reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Finally, Wells Fargo & Company upgraded Visa from a “market perform” rating to an “outperform” rating and increased their price target for the company from $107.01 to $120.00 in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $117.23.
The company has a market cap of $235,794.19, a PE ratio of 32.71, a PEG ratio of 1.67 and a beta of 0.97. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Friday, November 17th were given a dividend of $0.195 per share. This is a positive change from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 16th. Visa’s dividend payout ratio (DPR) is currently 27.86%.
Large investors have recently made changes to their positions in the stock. Krilogy Financial LLC raised its position in shares of Visa by 0.3% in the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 7 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Visa by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after acquiring an additional 20 shares in the last quarter. Baker Ellis Asset Management LLC grew its stake in shares of Visa by 0.3% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after buying an additional 20 shares during the period. Lakeview Capital Partners LLC grew its stake in shares of Visa by 0.8% in the 2nd quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock valued at $402,000 after buying an additional 34 shares during the period. Finally, Raab & Moskowitz Asset Management LLC grew its stake in shares of Visa by 0.5% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock valued at $739,000 after buying an additional 38 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.
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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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