Traders Sell Visa (V) on Strength (V)

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Investors sold shares of Visa (NYSE:V) on strength during trading hours on Thursday. $118.23 million flowed into the stock on the tick-up and $278.94 million flowed out of the stock on the tick-down, for a money net flow of $160.71 million out of the stock. Of all stocks tracked, Visa had the 5th highest net out-flow for the day. Visa traded up $0.60 for the day and closed at $135.00

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Friday, April 20th. UBS Group began coverage on shares of Visa in a research note on Friday, May 18th. They set a “neutral” rating and a $141.00 price objective for the company. Morgan Stanley upped their price objective on shares of Visa from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. Wedbush upped their price objective on shares of Visa from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, June 6th. Finally, Buckingham Research upped their price objective on shares of Visa from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 26th. Four equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Visa has an average rating of “Buy” and an average target price of $139.09.

The stock has a market capitalization of $273.70 billion, a PE ratio of 38.79, a P/E/G ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.94 and a current ratio of 1.94.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, April 25th. The credit-card processor reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.10. Visa had a net margin of 48.18% and a return on equity of 33.90%. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $0.86 earnings per share. Visa’s revenue for the quarter was up 13.3% on a year-over-year basis. research analysts anticipate that Visa will post 4.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 5th. Shareholders of record on Friday, May 18th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.62%. The ex-dividend date was Thursday, May 17th. Visa’s dividend payout ratio (DPR) is 24.14%.

In other Visa news, SVP James H. Hoffmeister sold 8,423 shares of the stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $127.67, for a total value of $1,075,364.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Ryan Mcinerney sold 38,500 shares of the stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $131.33, for a total transaction of $5,056,205.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Timber Creek Capital Management LLC boosted its stake in shares of Visa by 0.6% during the 4th quarter. Timber Creek Capital Management LLC now owns 65,712 shares of the credit-card processor’s stock valued at $7,492,000 after buying an additional 405 shares during the last quarter. TCI Wealth Advisors Inc. lifted its stake in Visa by 14.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 3,390 shares of the credit-card processor’s stock worth $387,000 after purchasing an additional 423 shares during the last quarter. Risk Paradigm Group LLC lifted its stake in Visa by 38.0% during the fourth quarter. Risk Paradigm Group LLC now owns 1,561 shares of the credit-card processor’s stock worth $178,000 after purchasing an additional 430 shares during the last quarter. Eastern Bank lifted its stake in Visa by 0.3% during the fourth quarter. Eastern Bank now owns 161,936 shares of the credit-card processor’s stock worth $18,464,000 after purchasing an additional 435 shares during the last quarter. Finally, Winthrop Advisory Group LLC lifted its stake in Visa by 13.8% during the first quarter. Winthrop Advisory Group LLC now owns 3,685 shares of the credit-card processor’s stock worth $447,000 after purchasing an additional 447 shares during the last quarter. 80.06% of the stock is owned by institutional investors.

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.

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