Visa Inc. (NYSE:V) CEO Ryan Mcinerney Sells 8,620 Shares

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Visa Trading Up 0.2 %

NYSE V opened at $314.91 on Friday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $586.64 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.11 and a beta of 0.96. The firm’s 50 day moving average price is $309.06 and its two-hundred day moving average price is $285.28.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.33 EPS. Equities analysts anticipate that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 24.25%.

Institutional Investors Weigh In On Visa

Institutional investors have recently modified their holdings of the stock. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the 3rd quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa in the 3rd quarter valued at $31,000. Modus Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at $32,000. Fairway Wealth LLC acquired a new stake in shares of Visa in the 2nd quarter valued at $39,000. Finally, West Financial Advisors LLC lifted its stake in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $317.00 price target on shares of Visa in a report on Thursday, September 12th. BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Macquarie boosted their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $329.70.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.