Visa EVP Antonio Lucio Unloads 14,545 Shares (V)
Visa (NYSE:V) EVP Antonio Lucio sold 14,545 shares of Visa stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $215.07, for a total transaction of $3,128,193.15. Following the completion of the transaction, the executive vice president now directly owns 49,352 shares of the company’s stock, valued at approximately $10,614,135. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on V. Analysts at Raymond James downgraded shares of Visa from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 28th. They now have a $213.00 price target on the stock, down previously from $235.00. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, August 13th. They now have a $2.25 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Visa in a research note on Wednesday, August 13th. They now have a $243.00 price target on the stock, up previously from $237.00. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $234.49.
Shares of Visa (NYSE:V) traded down 0.30% on Thursday, hitting $214.26. The stock had a trading volume of 2,373,138 shares. Visa has a 1-year low of $175.05 and a 1-year high of $235.50. The stock has a 50-day moving average of $214.5 and a 200-day moving average of $214.0. The company has a market cap of $134.6 billion and a P/E ratio of 24.59.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.10 by $0.07. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the company posted $1.88 earnings per share. Visa’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Visa will post $8.99 EPS for the current fiscal year.
Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and electronic payments.
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