Visa (NYSE:V) had its price objective upped by Wedbush from $150.00 to $162.00 in a report issued on Thursday, Marketbeat reports. They currently have an outperform rating on the credit-card processor’s stock.
Several other equities analysts also recently commented on V. Raymond James reaffirmed an outperform rating and set a $152.00 price objective (down from $167.00) on shares of Visa in a research note on Thursday, January 31st. Piper Jaffray Companies reaffirmed an overweight rating and set a $178.00 price objective on shares of Visa in a research note on Friday, December 21st. SunTrust Banks reaffirmed an outperform rating and set a $250.00 price objective on shares of Visa in a research note on Friday, February 1st. Barclays started coverage on shares of Visa in a research note on Wednesday, November 14th. They set an overweight rating and a $170.00 price objective for the company. Finally, Cantor Fitzgerald reiterated a buy rating and set a $160.00 price target on shares of Visa in a research report on Thursday, January 31st. One investment analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $163.23.
Visa stock traded up $1.46 during mid-day trading on Thursday, hitting $155.66. The company’s stock had a trading volume of 4,307,963 shares, compared to its average volume of 8,605,401. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $304.58 billion, a PE ratio of 33.76, a P/E/G ratio of 1.73 and a beta of 1.00. Visa has a 12 month low of $116.03 and a 12 month high of $154.69.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 14th. Visa’s dividend payout ratio (DPR) is presently 21.69%.
In other news, Vice Chairman Ellen Richey sold 81,005 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total transaction of $11,339,889.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James H. Hoffmeister sold 6,480 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $151.00, for a total transaction of $978,480.00. Following the sale, the senior vice president now owns 6,480 shares in the company, valued at approximately $978,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,485 shares of company stock worth $14,568,370. Corporate insiders own 0.17% of the company’s stock.
Large investors have recently bought and sold shares of the company. Markel Corp grew its stake in Visa by 0.4% during the third quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock valued at $138,743,000 after acquiring an additional 4,000 shares in the last quarter. Rothschild Investment Corp IL grew its stake in Visa by 0.9% during 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 grew its stake in Visa by 6.0% during 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. purchased a new position in Visa during the second quarter valued at $757,597,000. Finally, Reilly Financial Advisors LLC grew its stake in Visa by 6.2% during 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. Hedge funds and other institutional investors own 80.38% of the company’s stock.
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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