Visa (NYSE:V) CEO Sells $3,661,152.30 in Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ryan Mcinerney also recently made the following trade(s):

• On Monday, November 3rd, Ryan Mcinerney sold 10,485 shares of Visa stock. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00.

Visa Stock Performance

Shares of V traded up $7.36 during midday trading on Monday, hitting $353.84. 7,590,382 shares of the stock traded hands, compared to its average volume of 6,494,508. The business’s 50 day moving average price is $339.15 and its two-hundred day moving average price is $343.78. The firm has a market capitalization of $644.61 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 2.04 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the firm posted $2.71 EPS. Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were issued a $0.67 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio is currently 26.25%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on V shares. Macquarie decreased their price target on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Erste Group Bank cut Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Evercore ISI set a $380.00 price target on shares of Visa in a research report on Friday, December 12th. Robert W. Baird set a $425.00 price objective on shares of Visa in a research report on Wednesday, October 29th. Finally, Bank of America upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price for the company in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $402.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Noble Wealth Management PBC lifted its stake in shares of Visa by 5.4% in the fourth quarter. Noble Wealth Management PBC now owns 902 shares of the credit-card processor’s stock valued at $316,000 after buying an additional 46 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $491,000. GoalVest Advisory LLC lifted its position in shares of Visa by 7.1% in the 4th quarter. GoalVest Advisory LLC now owns 11,219 shares of the credit-card processor’s stock worth $3,935,000 after acquiring an additional 739 shares during the period. CGN Advisors LLC grew its holdings in shares of Visa by 7.0% during the 4th quarter. CGN Advisors LLC now owns 1,187 shares of the credit-card processor’s stock worth $416,000 after purchasing an additional 78 shares in the last quarter. Finally, Legacy Wealth Management LLC MS increased its position in shares of Visa by 14.1% during the fourth quarter. Legacy Wealth Management LLC MS now owns 20,654 shares of the credit-card processor’s stock valued at $7,244,000 after purchasing an additional 2,557 shares during the period. Institutional investors own 82.15% of the company’s stock.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.