Visa (V) Raised to “Buy” at Vetr
Vetr upgraded shares of Visa (NYSE:V) from a hold rating to a buy rating in a research note published on Thursday morning. Vetr currently has $119.56 target price on the credit-card processor’s stock.
Several other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Visa from a hold rating to a buy rating and set a $123.00 target price on the stock in a report on Thursday, November 2nd. Jefferies Group lifted their price objective on shares of Visa from $125.00 to $127.00 and gave the company a buy rating in a research note on Monday, October 30th. Buckingham Research lifted their price objective on shares of Visa from $129.00 to $130.00 and gave the company a buy rating in a research note on Thursday, October 26th. Nomura lifted their price objective on shares of Visa from $120.00 to $126.00 and gave the company a buy rating in a research note on Thursday, October 26th. Finally, Barclays lifted their price objective on shares of Visa from $123.00 to $128.00 and gave the company an overweight rating in a research note on Thursday, October 26th. Two 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 stock. The company has an average rating of Buy and an average price target of $117.23.
Shares of Visa (V) opened at $113.82 on Thursday. Visa has a 1 year low of $77.19 and a 1 year high of $114.37. The stock has a market cap of $235,794.19, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97. The company has a current ratio of 1.90, a quick 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. Shareholders of record on Friday, November 17th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is presently 27.86%.
In other news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the transaction, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the transaction, the director now owns 57,368 shares in the company, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Several large investors have recently modified their holdings of V. Welch Investments LLC acquired a new position in Visa in the third quarter valued at $101,000. Cordasco Financial Network acquired a new position in Visa in the third quarter valued at $105,000. Motco lifted its holdings in Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after buying an additional 236 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in Visa in the third quarter valued at $110,000. Finally, BDO Wealth Advisors LLC acquired a new position in Visa in the second quarter valued at $115,000. Institutional investors own 81.91% of the company’s stock.
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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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