Traders Sell Visa (V) on Strength (V)

Traders sold shares of Visa Inc (NYSE:V) on strength during trading on Tuesday. $197.61 million flowed into the stock on the tick-up and $383.27 million flowed out of the stock on the tick-down, for a money net flow of $185.66 million out of the stock. Of all stocks tracked, Visa had the 2nd highest net out-flow for the day. Visa traded up $1.06 for the day and closed at $151.73

Several research firms have recently commented on V. Wedbush lifted their price target on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday. reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, February 12th. Raymond James reaffirmed an “outperform” rating and set a $152.00 price target (down previously from $167.00) on shares of Visa in a research report on Thursday, January 31st. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $178.00 price target on shares of Visa in a research report on Friday, December 21st. Finally, SunTrust Banks reaffirmed an “outperform” rating and set a $250.00 price target on shares of Visa in a research report on Friday, February 1st. One investment analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Visa currently has an average rating of “Buy” and a consensus price target of $163.23.

The stock has a market cap of $304.58 billion, a PE ratio of 33.45, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50.

Visa (NYSE:V) last announced its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 earnings per share. On average, analysts anticipate that Visa Inc will post 5.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, February 14th. Visa’s payout ratio is 21.69%.

In other Visa news, SVP James H. Hoffmeister sold 6,480 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the transaction, the senior vice president now owns 6,480 shares in the company, valued at $978,480. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. In the last three months, insiders sold 102,485 shares of company stock worth $14,568,370. 0.17% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the business. Markel Corp grew its stake in shares of Visa by 0.4% during the third quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock worth $138,743,000 after purchasing an additional 4,000 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in Visa by 0.9% in the third quarter. Rothschild Investment Corp IL now owns 49,539 shares of the credit-card processor’s stock valued at $7,435,000 after acquiring an additional 438 shares in the last quarter. BB&T Corp boosted its stake in Visa by 6.0% in the third quarter. BB&T Corp now owns 241,316 shares of the credit-card processor’s stock valued at $36,219,000 after acquiring an additional 13,724 shares in the last quarter. Fundsmith Equity Fund L.P. acquired a new position in Visa in the second quarter valued at $757,597,000. Finally, Reilly Financial Advisors LLC boosted its stake in Visa by 6.2% in the third quarter. Reilly Financial Advisors LLC now owns 18,095 shares of the credit-card processor’s stock valued at $2,716,000 after acquiring an additional 1,053 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.themarketsdaily.com/2019/03/15/traders-sell-visa-v-on-strength-v.html.

About Visa (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.

Read More: Find a Trading Strategy That Works

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.