Traders Sell Visa (V) on Strength (V)

Traders sold shares of Visa Inc (NYSE:V) on strength during trading on Wednesday. $212.30 million flowed into the stock on the tick-up and $606.64 million flowed out of the stock on the tick-down, for a money net flow of $394.34 million out of the stock. Of all equities tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.71 for the day and closed at $142.45

V has been the subject of several analyst reports. Morgan Stanley upgraded Visa to an “overweight” rating in a report on Monday, July 23rd. Royal Bank of Canada increased their target price on Visa to $170.00 and gave the company an “outperform” rating in a report on Wednesday, September 5th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a report on Tuesday, September 25th. Wells Fargo & Co increased their target price on Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Finally, Wolfe Research initiated coverage on Visa in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Visa presently has an average rating of “Buy” and an average target price of $153.97.

The company has a market cap of $289.78 billion, a P/E ratio of 33.21, a P/E/G ratio of 1.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.69.

Visa (NYSE:V) last released its earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.11. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Visa had a return on equity of 36.09% and a net margin of 47.91%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. On average, analysts forecast that Visa Inc will post 4.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, November 15th. This is a boost from Visa’s previous quarterly dividend of $0.21. Visa’s dividend payout ratio (DPR) is presently 24.14%.

In related news, CFO Vasant M. Prabhu sold 25,064 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the completion of the transaction, the chief financial officer now owns 58,232 shares of the company’s stock, valued at approximately $8,185,089.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the transaction, the senior vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $967,749.12. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Fort L.P. bought a new stake in shares of Visa in the 2nd quarter worth $120,000. Cascade Investment Advisors Inc. bought a new stake in shares of Visa in the 2nd quarter worth $132,000. Bridgeworth LLC bought a new stake in shares of Visa in the 2nd quarter worth $143,000. Ruggie Capital Group bought a new stake in shares of Visa in the 2nd quarter worth $164,000. Finally, O Dell Group LLC bought a new stake in shares of Visa in the 3rd quarter worth $200,000. 80.33% of the stock is owned by institutional investors.

Visa Company Profile (NYSE:V)

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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