Visa EVP Sells $1,391,257 in Stock (V)
Visa (NYSE:V) EVP Elizabeth Buse unloaded 6,159 shares of Visa stock on the open market in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $225.89, for a total transaction of $1,391,256.51. Following the transaction, the executive vice president now directly owns 29,266 shares of the company’s stock, valued at approximately $6,610,897. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Visa (NYSE:V) traded down 0.96% on Wednesday, hitting $223.88. 2,335,558 shares of the company’s stock traded hands. Visa has a one year low of $154.79 and a one year high of $235.50. The stock’s 50-day moving average is $221.9 and its 200-day moving average is $201.0. The company has a market cap of $141.9 billion and a P/E ratio of 28.78.
Visa (NYSE:V) last released its earnings data on Thursday, January 30th. The company reported $2.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.16 by $0.04. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. On average, analysts predict that Visa will post $8.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 12th.
A number of analysts have recently weighed in on V shares. Analysts at TheStreet reiterated a “buy” rating on shares of Visa in a research note on Tuesday. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 6th. They now have a $4.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Visa currently has an average rating of “Buy” and a consensus price target of $215.59.
Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
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