Key Points
- Insider sale: Paul Fabara sold 2,172 Visa shares on Nov. 21 at an average price of $325.93 for a total of $707,919.96, reducing his position by 7.6% to 26,413 shares (≈$8.61M).
- Dividend raised: Visa declared a quarterly dividend of $0.67 (up from $0.59), implying a $2.68 annualized payout and a 0.8% yield, payable Dec. 1 with an ex-dividend date of Nov. 12.
- Solid results and analyst view: Visa beat quarterly EPS and revenue expectations (EPS $2.98; revenue $10.72B, +11.5% YoY), carries a market cap near $598B, and holds a consensus "Moderate Buy" rating with an average price target of $400.
Visa Inc. (NYSE:V - Get Free Report) insider Paul Fabara sold 2,172 shares of the company's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Visa Stock Performance
Shares of NYSE:V traded up $4.47 during midday trading on Friday, hitting $328.24. The stock had a trading volume of 8,890,961 shares, compared to its average volume of 6,276,566. The company has a market capitalization of $597.97 billion, a PE ratio of 32.15, a P/E/G ratio of 1.92 and a beta of 0.87. The stock has a 50 day moving average price of $340.46 and a two-hundred day moving average price of $347.92. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to analysts' expectations of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.71 earnings per share. As a group, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. This is an increase from Visa's previous quarterly dividend of $0.59. Visa's payout ratio is 26.25%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on V. Morgan Stanley set a $398.00 price target on Visa and gave the company an "overweight" rating in a research note on Wednesday, October 29th. Macquarie decreased their target price on shares of Visa from $425.00 to $410.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company raised shares of Visa to a "strong-buy" rating in a research note on Wednesday, October 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Finally, Citigroup raised shares of Visa to a "strong-buy" rating in a report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $400.00.
View Our Latest Report on V
Institutional Investors Weigh In On Visa
A number of large investors have recently added to or reduced their stakes in V. Brighton Jones LLC increased its position in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Capital & Planning LLC increased its position in Visa by 25.1% during the 1st quarter. Capital & Planning LLC now owns 1,187 shares of the credit-card processor's stock worth $416,000 after purchasing an additional 238 shares in the last quarter. GW&K Investment Management LLC increased its position in Visa by 5.0% during the 1st quarter. GW&K Investment Management LLC now owns 1,332 shares of the credit-card processor's stock worth $467,000 after purchasing an additional 63 shares in the last quarter. Finally, Alpha Omega Group Inc. acquired a new position in Visa in the 1st quarter valued at about $210,000. 82.15% of the stock is owned by institutional investors and hedge funds.
Visa Company Profile
(
Get Free Report)
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.
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