Visa (NYSE:V) Getting Somewhat Favorable Media Coverage, Study Finds
Press coverage about Visa (NYSE:V) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Visa earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the credit-card processor an impact score of 45.9345554557561 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Visa Inc. (NYSE:V) Expected to Post Earnings of $0.85 Per Share (americanbankingnews.com)
- Wal-Mart, Visa Want Antitrust Case Paused To Work On A Deal – Law360 (subscription) (law360.com)
- Sumitomo Mitsui Trust Holdings, Inc. Raises Its Ownership in Visa Inc. (V) Last Quarter – Modern Readers (modernreaders.com)
- Sumitomo Mitsui Trust Holdings, Inc. Bought A Little More Visa Inc. (V) Stock Last Quarter – Modern Readers (modernreaders.com)
- How To Buy Visa 9 Years Ago – Seeking Alpha (seekingalpha.com)
Visa (V) traded down 0.31% during mid-day trading on Wednesday, reaching $100.97. 6,902,137 shares of the company’s stock traded hands. Visa has a 12-month low of $75.17 and a 12-month high of $101.30. The company has a market cap of $230.86 billion, a P/E ratio of 37.55 and a beta of 0.94. The stock has a 50 day moving average of $96.32 and a 200 day moving average of $91.20.
Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts predict that Visa will post $3.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is presently 24.54%.
Visa declared that its board has approved a stock repurchase program on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to buy up to 2.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
Several equities research analysts have recently commented on the stock. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 target price for the company. in a research report on Monday, June 5th. CIBC boosted their target price on shares of Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub downgraded shares of Visa from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Credit Suisse Group set a $112.00 target price on shares of Visa and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $104.56.
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In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by insiders.
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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