Visa Inc. (NYSE:V) Lowered to “Sell” at Vetr Inc.

Vetr cut shares of Visa Inc. (NYSE:V) from a hold rating to a sell rating in a research note published on Thursday, September 7th. They currently have $101.08 target price on the credit-card processor’s stock.

Several other research firms have also weighed in on V. Robert W. Baird reaffirmed a buy rating on shares of Visa in a report on Thursday, August 24th. UBS AG reaffirmed an overweight rating on shares of Visa in a report on Thursday, August 24th. KeyCorp reaffirmed a buy rating and set a $110.00 target price on shares of Visa in a report on Friday, August 25th. BidaskClub raised shares of Visa from a buy rating to a strong-buy rating in a report on Thursday, August 10th. Finally, Zacks Investment Research cut shares of Visa from a buy rating to a hold rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $105.35.

Visa (NYSE:V) opened at 105.30 on Thursday. The stock has a market capitalization of $240.76 billion, a PE ratio of 39.16 and a beta of 0.94. Visa has a 12-month low of $75.17 and a 12-month high of $106.83. The stock’s 50 day moving average is $102.82 and its 200 day moving average is $95.21.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the firm posted $0.69 EPS. Visa’s revenue for the quarter was up 25.8% compared to the same quarter last year. Equities analysts anticipate that Visa will post $3.43 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio is presently 24.54%.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC boosted its holdings in Visa by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 7 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Visa by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after purchasing an additional 20 shares in the last quarter. Baker Ellis Asset Management LLC boosted its holdings in Visa by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after purchasing an additional 20 shares in the last quarter. Mercer Capital Advisers Inc. boosted its holdings in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after purchasing an additional 25 shares in the last quarter. Finally, Smithfield Trust Co. boosted its holdings in Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock valued at $804,000 after purchasing an additional 25 shares in the last quarter. 81.68% of the stock is owned by hedge funds and other institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Visa (NYSE:V)

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