Traders Buy Visa (V) on Weakness

Investors purchased shares of Visa Inc (NYSE:V) on weakness during trading on Friday. $455.69 million flowed into the stock on the tick-up and $182.11 million flowed out of the stock on the tick-down, for a money net flow of $273.58 million into the stock. Of all stocks tracked, Visa had the 5th highest net in-flow for the day. Visa traded down ($1.30) for the day and closed at $143.93

V has been the subject of a number of recent research reports. Wells Fargo & Co boosted their price target on shares of Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. Oppenheimer boosted their price target on shares of Visa from $143.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 17th. Wolfe Research initiated coverage on shares of Visa in a research note on Tuesday, July 17th. They set an “outperform” rating for the company. Bank of America boosted their price target on shares of Visa from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Finally, Morgan Stanley boosted their price target on shares of Visa from $142.00 to $165.00 and gave the stock a “$140.13” rating in a research note on Thursday, July 19th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $155.47.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 1.61. The stock has a market capitalization of $286.40 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.44 billion. On average, equities analysts anticipate that Visa Inc will post 5.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be given a dividend of $0.25 per share. This is an increase from Visa’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio is currently 18.22%.

In other news, EVP William M. Sheedy sold 99,636 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the completion of the sale, the executive vice president now owns 296,925 shares of the company’s stock, valued at $41,355,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in V. Fundsmith Equity Fund L.P. acquired a new position in Visa during the second quarter worth $757,597,000. Bank of Montreal Can acquired a new position in Visa during the second quarter worth $727,019,000. Vontobel Asset Management Inc. acquired a new stake in Visa in the second quarter valued at $471,495,000. FMR LLC lifted its stake in Visa by 2.9% in the second quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock valued at $11,320,026,000 after acquiring an additional 2,398,540 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in Visa in the second quarter valued at $268,605,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

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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.

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