Ryan Mcinerney Sells 8,620 Shares of Visa Inc. (NYSE:V) Stock

Visa Inc. (NYSE:V - Get Free Report) CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Visa Price Performance

Shares of Visa stock traded up $0.51 on Friday, reaching $314.91. 4,271,133 shares of the stock were exchanged, compared to its average volume of 4,822,066. Visa Inc. has a one year low of $252.70 and a one year high of $321.61. The firm has a market cap of $586.64 billion, a PE ratio of 32.36, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm's 50 day moving average is $309.06 and its 200-day moving average is $285.28.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business's quarterly revenue was up 11.7% on a year-over-year basis. As a group, analysts anticipate that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This is a boost from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, November 12th. Visa's payout ratio is 24.25%.

Institutional Investors Weigh In On Visa

Hedge funds have recently added to or reduced their stakes in the business. Cozad Asset Management Inc. lifted its position in shares of Visa by 16.7% during the 2nd quarter. Cozad Asset Management Inc. now owns 5,272 shares of the credit-card processor's stock valued at $1,384,000 after acquiring an additional 753 shares during the period. Hodges Capital Management Inc. grew its stake in shares of Visa by 2.1% in the 2nd quarter. Hodges Capital Management Inc. now owns 5,712 shares of the credit-card processor's stock valued at $1,499,000 after buying an additional 115 shares during the period. Larson Financial Group LLC increased its position in Visa by 10.4% in the 2nd quarter. Larson Financial Group LLC now owns 17,713 shares of the credit-card processor's stock valued at $4,649,000 after buying an additional 1,673 shares in the last quarter. Consolidated Planning Corp raised its stake in Visa by 18.6% during the 2nd quarter. Consolidated Planning Corp now owns 12,715 shares of the credit-card processor's stock worth $3,337,000 after buying an additional 1,995 shares during the period. Finally, GPM Growth Investors Inc. bought a new position in shares of Visa in the 2nd quarter worth $8,282,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on V. Mizuho upped their target price on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Barclays increased their price objective on Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Monness Crespi & Hardt restated a "neutral" rating on shares of Visa in a research note on Tuesday, September 24th. Citigroup raised their price target on shares of Visa from $319.00 to $326.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $329.70.

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.