Visa Inc (NYSE:V) SVP James H. Hoffmeister sold 6,912 shares of the firm’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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE V opened at $140.01 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.69. Visa Inc has a 12-month low of $99.43 and a 12-month high of $143.14. The firm has a market capitalization of $284.21 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 1.79 and a beta of 1.06.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.11. Visa had a net margin of 47.91% and a return on equity of 36.09%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. sell-side analysts anticipate that Visa Inc will post 4.54 EPS for the current year.
The business 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 dividend of $0.21 per share. The ex-dividend date is Thursday, August 16th. This represents a $0.84 annualized dividend and a dividend yield of 0.60%. Visa’s payout ratio is currently 24.14%.
V has been the topic of several research reports. Morgan Stanley raised shares of Visa to an “overweight” rating in a report on Monday, July 23rd. Wells Fargo & Co lifted their price objective on shares of Visa from $143.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, July 12th. Argus lifted their price objective on shares of Visa from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 27th. Cantor Fitzgerald lifted their price objective on shares of Visa to $160.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. Finally, Oppenheimer lifted their price objective on shares of Visa from $143.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $147.61.
Several large investors have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Visa by 214.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 921,944 shares of the credit-card processor’s stock valued at $122,111,000 after purchasing an additional 629,019 shares during the period. Integrated Investment Consultants LLC acquired a new position in Visa during the second quarter valued at $508,000. Monetta Financial Services Inc. lifted its position in Visa by 13.3% during the second quarter. Monetta Financial Services Inc. now owns 34,000 shares of the credit-card processor’s stock valued at $4,503,000 after purchasing an additional 4,000 shares during the period. Wafra Inc. lifted its position in Visa by 445.8% during the second quarter. Wafra Inc. now owns 78,834 shares of the credit-card processor’s stock valued at $10,442,000 after purchasing an additional 64,390 shares during the period. Finally, Frontier Investment Mgmt Co. lifted its position in Visa by 1.8% during the second quarter. Frontier Investment Mgmt Co. now owns 297,897 shares of the credit-card processor’s stock valued at $39,456,000 after purchasing an additional 5,402 shares during the period. Institutional investors and hedge funds own 79.87% of the company’s stock.
Visa Company Profile
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.
Read More: Earnings Per Share
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.