News coverage about Visa (NYSE:V) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Visa earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the credit-card processor an impact score of 44.6751506197966 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Alphabet, ‘China’s Google’ Baidu Lead 5 Top Stocks Within 3% Of Buy Points: S&P 500, Dow Jones Futures (feedproxy.google.com)
- Visa Inc., (NYSE: V) – Notable Indicators to Study Before Making Any Investment Decision – Stock Watch (stocksnewstimes.com)
- Today’s Hot Stock Under Review – Visa Inc (NYSE: V) – Alpha Beta Stock (alphabetastock.com)
- American debt hits levels not seen since Great Recession: WalletHub (finance.yahoo.com)
- $1.01 EPS Expected for Visa Inc (V) This Quarter (americanbankingnews.com)
V has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating and set a $136.00 price objective (up previously from $124.00) on shares of Visa in a research note on Friday, January 12th. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $126.37 price objective on the stock in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Thursday, January 25th. Cantor Fitzgerald reiterated a “buy” rating and set a $123.00 price objective on shares of Visa in a research note on Monday, January 29th. Finally, Barclays raised their price objective on shares of Visa from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $134.14.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Visa had a net margin of 38.12% and a return on equity of 32.97%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. equities research analysts expect that Visa will post 4.36 earnings per share for the current fiscal year.
Visa announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st that authorizes the company to buyback $7.50 billion in shares. This buyback authorization authorizes the credit-card processor to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Friday, February 16th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. This is a positive change from Visa’s previous quarterly dividend of $0.20. Visa’s dividend payout ratio (DPR) is 32.94%.
In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the sale, the executive vice president now owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the sale, the director now directly owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. Insiders have sold a total of 57,634 shares of company stock valued at $6,562,157 in the last three months. Company insiders own 0.14% of the company’s stock.
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Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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