Insider Selling: Visa Inc (V) EVP Sells 91,046 Shares of Stock

Visa Inc (NYSE:V) EVP Tullier Kelly Mahon sold 91,046 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $156.29, for a total value of $14,229,579.34. Following the transaction, the executive vice president now directly owns 120,602 shares in the company, valued at approximately $18,848,886.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NYSE V traded down $0.50 during trading hours on Monday, hitting $154.96. The company had a trading volume of 9,673,668 shares, compared to its average volume of 8,848,586. Visa Inc has a fifty-two week low of $116.03 and a fifty-two week high of $156.82. The company has a market cap of $312.07 billion, a P/E ratio of 33.61, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.05. Visa had a return on equity of 39.32% and a net margin of 50.61%. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the prior year, the firm earned $1.08 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc will post 5.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.00 annualized dividend and a yield of 0.65%. Visa’s dividend payout ratio is currently 21.69%.

A number of research analysts have weighed in on V shares. Cantor Fitzgerald reissued a “buy” rating and set a $160.00 price target on shares of Visa in a research note on Thursday, January 31st. Jefferies Financial Group started coverage on Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 price target on the stock. reissued a “buy” rating on shares of Visa in a research note on Tuesday, February 12th. Wedbush upped their price objective on Visa from $150.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, SunTrust Banks restated an “outperform” rating and set a $250.00 price objective on shares of Visa in a report on Friday, February 1st. One analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $163.23.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Markel Corp grew its stake in shares of Visa by 0.4% during the third quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock valued at $138,743,000 after acquiring an additional 4,000 shares in the last quarter. Rothschild Investment Corp IL grew its stake in shares of Visa by 0.9% during the third quarter. Rothschild Investment Corp IL now owns 49,539 shares of the credit-card processor’s stock valued at $7,435,000 after acquiring an additional 438 shares in the last quarter. BB&T Corp grew its stake in shares of Visa by 6.0% during the third quarter. BB&T Corp now owns 241,316 shares of the credit-card processor’s stock valued at $36,219,000 after acquiring an additional 13,724 shares in the last quarter. Fundsmith Equity Fund L.P. acquired a new stake in shares of Visa during the second quarter valued at about $757,597,000. Finally, Reilly Financial Advisors LLC grew its stake in shares of Visa by 6.2% during the third quarter. Reilly Financial Advisors LLC now owns 18,095 shares of the credit-card processor’s stock valued at $2,716,000 after acquiring an additional 1,053 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

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About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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