Visa Inc (NYSE:V) hit a new 52-week high on Tuesday . The company traded as high as $147.75 and last traded at $147.31, with a volume of 276828 shares traded. The stock had previously closed at $146.89.

V has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Visa from $142.00 to $165.00 and gave the stock a “$140.13” rating in a research report on Thursday, July 19th. SunTrust Banks lifted their target price on Visa to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Loop Capital lifted their target price on Visa to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Buckingham Research lifted their target price on Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. Finally, Bank of America lifted their target price on Visa from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, July 17th. Three investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $147.87.

The company has a market cap of $298.81 billion, a PE ratio of 42.26, a PEG ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.69.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.11. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.09 billion. Visa had a return on equity of 36.09% and a net margin of 47.91%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. equities research analysts anticipate that Visa Inc will post 4.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 17th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, August 16th. Visa’s dividend payout ratio is 24.14%.

In related news, CFO Vasant M. Prabhu sold 25,064 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the transaction, the chief financial officer now directly owns 58,232 shares of the company’s stock, valued at approximately $8,185,089.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $140.01, for a total value of $967,749.12. Following the transaction, the senior vice president now directly owns 6,912 shares in the company, valued at $967,749.12. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of V. Bedel Financial Consulting Inc. increased its holdings in Visa by 24.2% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,825 shares of the credit-card processor’s stock worth $242,000 after purchasing an additional 356 shares in the last quarter. Townsend & Associates Inc increased its holdings in Visa by 6.1% during the 2nd quarter. Townsend & Associates Inc now owns 6,244 shares of the credit-card processor’s stock worth $827,000 after purchasing an additional 361 shares in the last quarter. LLBH Private Wealth Management LLC increased its holdings in Visa by 14.7% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 2,821 shares of the credit-card processor’s stock worth $374,000 after purchasing an additional 362 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in Visa by 36.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after purchasing an additional 365 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its holdings in Visa by 7.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 5,487 shares of the credit-card processor’s stock worth $726,000 after purchasing an additional 368 shares in the last quarter. 80.27% of the stock is currently owned by institutional investors and hedge funds.

Visa Company Profile (NYSE:V)

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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