Visa Inc (NYSE:V) EVP William M. Sheedy sold 99,636 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the completion of the transaction, the executive vice president now owns 296,925 shares of the company’s stock, valued at $41,355,714. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of V opened at $139.80 on Tuesday. The firm has a market cap of $284.35 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 1.52 and a beta of 1.11. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. Visa Inc has a 1-year low of $106.60 and a 1-year high of $151.56.
Visa (NYSE:V) last announced its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.44 billion. Sell-side analysts expect that Visa Inc will post 5.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be given a dividend of $0.25 per share. This is an increase from Visa’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. Visa’s payout ratio is presently 18.22%.
A number of equities analysts recently weighed in on V shares. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Tuesday, September 25th. Morgan Stanley boosted their price objective on shares of Visa from $142.00 to $165.00 and gave the stock a “$140.13” rating in a report on Thursday, July 19th. JPMorgan Chase & Co. restated a “buy” rating and issued a $166.00 price objective on shares of Visa in a report on Thursday, October 25th. Royal Bank of Canada boosted their price objective on shares of Visa to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, September 5th. Finally, Raymond James restated an “outperform” rating and issued a $165.00 price objective on shares of Visa in a report on Tuesday, July 24th. Two equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $155.47.
Several hedge funds have recently modified their holdings of V. Fundsmith Equity Fund L.P. bought a new stake in shares of Visa during the 2nd quarter valued at $757,597,000. Bank of Montreal Can bought a new stake in shares of Visa during the 2nd quarter valued at $727,019,000. Vontobel Asset Management Inc. bought a new stake in shares of Visa during the 2nd quarter valued at $471,495,000. FMR LLC boosted its holdings in Visa by 2.9% in the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock worth $11,320,026,000 after buying an additional 2,398,540 shares during the period. Finally, Chevy Chase Trust Holdings Inc. bought a new position in Visa in the 2nd quarter worth $268,605,000. 80.38% of the stock is owned by hedge funds and other institutional investors.
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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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