Visa Inc. (V) Receives New Coverage from Analysts at Buckingham Research
Several other research firms also recently commented on V. Vetr downgraded Visa from a hold rating to a sell rating and set a $92.84 price objective for the company. in a research note on Monday, June 5th. Zacks Investment Research upgraded shares of Visa from a hold rating to a buy rating and set a $117.00 target price on the stock in a research report on Tuesday, September 19th. BidaskClub cut shares of Visa from a strong-buy rating to a buy rating in a report on Tuesday, June 13th. UBS AG reaffirmed an overweight rating on shares of Visa in a report on Thursday, August 24th. Finally, Credit Suisse Group set a $112.00 price objective on shares of Visa and gave the stock a buy rating in a research report on Saturday, July 22nd. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $108.76.
Shares of Visa (V) opened at 105.44 on Monday. The company has a market capitalization of $241.08 billion, a P/E ratio of 39.21 and a beta of 0.94. Visa has a 52-week low of $75.17 and a 52-week high of $106.84. The stock’s 50 day moving average price is $104.12 and its 200 day moving average price is $96.53.
Visa (NYSE:V) last posted its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share 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 firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, equities research analysts forecast that Visa will post $3.43 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. Visa’s dividend payout ratio is presently 24.54%.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. bought a new position in Visa in the 2nd quarter valued at about $958,000. Mercer Capital Advisers Inc. boosted its holdings in shares of Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares during the period. Motco boosted its holdings in shares of Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the period. MPS Loria Financial Planners LLC bought a new stake in shares of Visa during the second quarter worth approximately $123,000. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Visa during the second quarter worth approximately $115,000. Institutional investors and hedge funds own 81.69% of the company’s stock.
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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