Investors Sell Shares of Visa Inc. (V) on Strength (V)
Investors sold shares of Visa Inc. (NYSE:V) on strength during trading hours on Thursday. $117.70 million flowed into the stock on the tick-up and $150.08 million flowed out of the stock on the tick-down, for a money net flow of $32.38 million out of the stock. Of all equities tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $1.38 for the day and closed at $104.56
Several equities analysts have recently weighed in on the stock. Vetr lowered shares of Visa from a “hold” rating to a “sell” rating and set a $101.08 price objective on the stock. in a report on Thursday. UBS AG reiterated an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Robert W. Baird restated a “buy” rating on shares of Visa in a report on Thursday, August 24th. KeyCorp restated a “buy” rating and issued a $110.00 target price on shares of Visa in a report on Friday, August 25th. Finally, BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $104.77.
The firm has a market capitalization of $238.77 billion, a P/E ratio of 38.84 and a beta of 0.94. The company has a 50-day moving average of $101.98 and a 200-day moving average of $94.58.
Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ 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 business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. On average, analysts predict that Visa Inc. will post $3.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. Visa’s dividend payout ratio is currently 24.54%.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Capital Advisers Inc. boosted its position in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares during the period. Motco boosted its position in shares of Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after purchasing an additional 236 shares during the period. BDO Wealth Advisors LLC bought a new position in shares of Visa in the second quarter worth approximately $115,000. Mascoma Wealth Management LLC bought a new position in shares of Visa in the second quarter worth approximately $122,000. Finally, SpiderRock Advisors LLC boosted its position in shares of Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after purchasing an additional 19,709 shares during the period. Institutional investors and hedge funds own 81.74% of the company’s stock.
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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