Visa (NYSE:V) CEO Sells $3,608,455.10 in Stock

Visa Inc. (NYSE:VGet Free Report) CEO Ryan Mcinerney sold 10,490 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10. Following the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,219,704.26. The trade was a 40.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, June 29th, Ryan Mcinerney sold 20,970 shares of Visa stock. The stock was sold at an average price of $340.25, for a total value of $7,135,042.50.
  • On Wednesday, April 29th, Ryan Mcinerney sold 31,455 shares of Visa stock. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70.

Visa Price Performance

Shares of Visa stock opened at $361.31 on Friday. The stock has a 50 day moving average of $327.17 and a 200 day moving average of $324.90. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $362.13. The firm has a market cap of $648.10 billion, a PE ratio of 31.47, a PEG ratio of 1.93 and a beta of 0.75. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter last year, the business posted $2.76 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 13.1 EPS for the current fiscal year.

Visa declared that its board has authorized a share repurchase plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is 23.34%.

Analyst Ratings Changes

V has been the topic of a number of recent research reports. Loop Capital assumed coverage on shares of Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target on the stock. Piper Sandler assumed coverage on shares of Visa in a research note on Monday, June 29th. They issued an “overweight” rating and a $394.00 price objective for the company. Raymond James Financial restated an “outperform” rating and issued a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Visa has an average rating of “Buy” and a consensus target price of $397.96.

Read Our Latest Research Report on Visa

Institutional Trading of Visa

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock valued at $56,455,834,000 after acquiring an additional 1,054,343 shares during the last quarter. State Street Corp lifted its holdings in shares of Visa by 0.8% in the 4th quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock worth $29,038,140,000 after acquiring an additional 626,821 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Visa by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock worth $15,411,395,000 after acquiring an additional 388,996 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Visa by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock worth $14,411,480,000 after purchasing an additional 716,218 shares during the period. Finally, Capital World Investors boosted its stake in shares of Visa by 0.8% during the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock worth $8,463,484,000 after purchasing an additional 193,288 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

Visa Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.