Visa Inc. (NYSE:V) Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Visa Inc. (NYSE V) opened at 104.07 on Wednesday. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $104.20. The company has a market capitalization of $237.95 billion, a price-to-earnings ratio of 38.70 and a beta of 0.94. The stock has a 50 day moving average price of $99.05 and a 200 day moving average price of $93.06.
Visa (NYSE:V) last issued its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the 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 company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Visa’s revenue for the quarter was up 25.8% on a year-over-year basis. Analysts anticipate that Visa Inc. will post $3.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. Visa’s dividend payout ratio is 24.54%.
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Several hedge funds have recently modified their holdings of V. Paradigm Financial Advisors LLC boosted its stake in shares of Visa by 3.0% in the second quarter. Paradigm Financial Advisors LLC now owns 24,607 shares of the credit-card processor’s stock valued at $2,308,000 after buying an additional 719 shares in the last quarter. Kimelman & Baird LLC boosted its stake in shares of Visa by 1.1% in the second quarter. Kimelman & Baird LLC now owns 104,317 shares of the credit-card processor’s stock valued at $9,783,000 after buying an additional 1,150 shares in the last quarter. RNC Capital Management LLC boosted its stake in shares of Visa by 14.1% in the second quarter. RNC Capital Management LLC now owns 5,829 shares of the credit-card processor’s stock valued at $547,000 after buying an additional 721 shares in the last quarter. Sentry Investment Management LLC boosted its stake in shares of Visa by 1.1% in the second quarter. Sentry Investment Management LLC now owns 148,209 shares of the credit-card processor’s stock valued at $13,899,000 after buying an additional 1,572 shares in the last quarter. Finally, Family Management Corp boosted its stake in shares of Visa by 98.1% in the second quarter. Family Management Corp now owns 37,073 shares of the credit-card processor’s stock valued at $3,477,000 after buying an additional 18,362 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.
V has been the subject of several recent research reports. Oppenheimer Holdings, Inc. upped their price target on Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $95.32 target price for the company in a report on Thursday, April 27th. Citigroup Inc. reissued a “buy” rating and issued a $100.00 target price on shares of Visa in a report on Thursday, May 25th. BidaskClub cut Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Monday, May 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $104.58.
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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