Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Visa (V) Share Price
News stories about Visa (NYSE:V) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Visa earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the credit-card processor an impact score of 45.1931417188658 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Is There Now An Opportunity In Visa Inc (V)? (finance.yahoo.com)
- Hawaii says it’s 1st state to go cashless for pot sales (marketbeat.com)
- Hawaii says its 1st state to go cashless for marijuana sales (marketbeat.com)
- Menendez Jury Is Told Staff Helped Get Visas on Behalf of Donor (finance.yahoo.com)
- PayPal’s International Operations: Apple and Visa (finance.yahoo.com)
A number of equities research analysts have weighed in on V shares. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Monday, May 29th. Deutsche Bank AG raised their price target on Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Vetr downgraded Visa from a “hold” rating to a “sell” rating and set a $92.84 price target on the stock. in a research report on Monday, June 5th. Wedbush restated an “outperform” rating and set a $100.00 price target (up previously from $96.00) on shares of Visa in a research report on Tuesday, June 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $104.00 price target on shares of Visa in a research report on Sunday, June 25th. Four equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $104.90.
Visa (V) traded down 0.36% during mid-day trading on Wednesday, reaching $105.83. The company’s stock had a trading volume of 6,200,068 shares. The stock has a market cap of $241.97 billion, a P/E ratio of 39.36 and a beta of 0.94. Visa has a one year low of $75.17 and a one year high of $106.64. The firm’s 50 day moving average is $102.34 and its 200-day moving average is $94.93.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. Equities analysts expect that Visa will post $3.42 earnings per share for the current fiscal year.
The business also recently announced 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 0.62%. The ex-dividend date was Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is presently 24.54%.
In other news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. 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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