Visa Inc. (V) Reaches New 52-Week High at $81.76
Visa Inc. (NYSE:V) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $81.76 and last traded at $81.12, with a volume of 4,337,422 shares trading hands. The stock had previously closed at $81.06.
A number of brokerages recently weighed in on V. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $81.05 price objective for the company in a report on Tuesday, May 3rd. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, May 6th. Barclays PLC restated an “overweight” rating and issued a $90.00 price objective (up previously from $89.00) on shares of Visa in a report on Monday, May 16th. Robert W. Baird restated a “buy” rating on shares of Visa in a report on Monday, May 16th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 price objective on shares of Visa in a report on Thursday, May 26th. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $87.87.
The company’s 50 day moving average price is $78.71 and its 200 day moving average price is $76.74. The firm has a market cap of $191.53 billion and a PE ratio of 34.49.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The business earned $3.63 billion during the quarter, compared to analyst estimates of $3.67 billion. Equities analysts anticipate that Visa Inc. will post $2.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, August 17th.
A number of large investors recently bought and sold shares of V. Genesee Valley Trust Co. boosted its stake in Visa by 2.0% in the fourth quarter. Genesee Valley Trust Co. now owns 34,629 shares of the credit-card processor’s stock worth $2,685,000 after buying an additional 693 shares during the last quarter. Gluskin Sheff & Assoc Inc. boosted its stake in Visa by 938.1% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 335,511 shares of the credit-card processor’s stock worth $26,019,000 after buying an additional 303,190 shares during the last quarter. Veritable L.P. boosted its stake in Visa by 4.6% in the fourth quarter. Veritable L.P. now owns 66,656 shares of the credit-card processor’s stock worth $5,169,000 after buying an additional 2,920 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Visa by 9.1% in the fourth quarter. Hodges Capital Management Inc. now owns 16,489 shares of the credit-card processor’s stock worth $1,279,000 after buying an additional 1,380 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in Visa during the fourth quarter worth about $1,766,000.
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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