Visa (NYSE:V) Stock Price Down 0.2%

Visa Inc. (NYSE:V)’s share price dropped 0.2% during trading on Monday . The stock traded as low as $269.00 and last traded at $270.19. Approximately 1,504,233 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 6,241,106 shares. The stock had previously closed at $270.66.

Analyst Upgrades and Downgrades

V has been the topic of several research analyst reports. Oppenheimer upped their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Wells Fargo & Company upped their price objective on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Wedbush upped their price objective on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada upped their price objective on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Redburn Atlantic restated a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $303.76.

Visa Trading Up 0.9 %

The stock has a 50 day moving average of $273.97 and a 200 day moving average of $272.70. The firm has a market cap of $500.43 billion, a P/E ratio of 30.57, a PEG ratio of 1.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the firm earned $2.09 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities research analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is currently owned by insiders.

Institutional Trading of Visa

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westend Capital Management LLC bought a new position in shares of Visa during the first quarter valued at approximately $25,000. Livelsberger Financial Advisory bought a new position in shares of Visa during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $33,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Company Profile

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.