Visa Inc. (NYSE:V – Get Rating) CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $210.38, for a total transaction of $1,893,420.00. Following the transaction, the chief executive officer now directly owns 162,887 shares of the company’s stock, valued at $34,268,167.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:V traded down $0.71 during trading on Tuesday, reaching $212.17. 9,585,700 shares of the stock traded hands, compared to its average volume of 8,831,341. The stock has a 50-day moving average of $211.14 and a two-hundred day moving average of $212.23. Visa Inc. has a 52-week low of $186.67 and a 52-week high of $252.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $403.39 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 1.81 and a beta of 0.90.
Visa (NYSE:V – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The firm had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The business’s revenue for the quarter was up 25.5% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 7.15 earnings per share for the current year.
V has been the subject of several recent analyst reports. Barclays lowered their price objective on shares of Visa from $265.00 to $260.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Cowen reduced their price target on shares of Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27th. Evercore ISI boosted their price target on shares of Visa from $304.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. upgraded shares of Visa to a “buy” rating in a research report on Wednesday, February 9th. Finally, Citigroup reduced their price target on shares of Visa from $285.00 to $265.00 in a research report on Monday, April 25th. Six investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $265.88.
Several large investors have recently bought and sold shares of the company. Outfitter Financial LLC bought a new position in Visa during the fourth quarter valued at approximately $27,000. Cranbrook Wealth Management LLC lifted its position in Visa by 236.8% during the third quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock valued at $29,000 after purchasing an additional 90 shares during the period. Blue Bell Private Wealth Management LLC bought a new position in Visa during the fourth quarter valued at approximately $32,000. Landmark Wealth Management LLC bought a new position in Visa during the first quarter valued at approximately $32,000. Finally, Rise Advisors LLC bought a new position in Visa during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.
About Visa (Get Rating)
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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