In the last trading session, 5.08 million shares of the Visa Inc (NYSE:V) were traded, and its beta was 0.96. Most recently the company’s share price was $278.28, and it changed around -$0.8 or -0.29% from the last close, which brings the market valuation of the company to $559.06B. V currently trades at a discount to its 52-week high of $290.96, offering almost -4.56% off that amount. The share price’s 52-week low was $216.14, which indicates that the current value has risen by an impressive 22.33% since then. We note from Visa Inc’s average daily trading volume that its 10-day average is 6.87 million shares, with the 3-month average coming to 5.63 million.
Visa Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.56. If we narrow it down even further, the data shows that 0 out of 39 analysts rate the stock as a Sell; another 13 rate it as Overweight. Among the rest, 4 recommended V as a Hold, whereas 22 deemed it a Buy, and 0 rated it as Underweight. Visa Inc is expected to report earnings per share of $2.43 for the current quarter.
Visa Inc (NYSE:V) trade information
Instantly V has showed a red trend with a performance of -0.29% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 6.89% year-to-date, but still down -1.76% over the last five days. On the other hand, Visa Inc (NYSE:V) is -1.54% down in the 30-day period. We can see from the shorts that 33.94 million shares have been sold at a short interest cover period of 6.17 day(s).
The consensus price target as assigned by Wall Street analysts is $268.33, which translates to bulls needing to decrease their stock price by -3.71% from its current value. Analyst projections state that V is forecast to be at a low of $204 and a high of $310.
Visa Inc (V) estimates and forecasts
Visa Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 20.12 percent over the past six months and at a 12.77% annual growth rate that is well above the industry average of 12.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 16.30% in revenue this quarter, and will report an increase of 13.90% in the next quarter. The year-over-year growth rate is expected to be 20.30%, up from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of $8.62 billion in revenue for the current quarter. 24 analysts expect Visa Inc to make $8.99 billion in revenue for the quarter ending Jun 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.80%. Visa Inc earnings are expected to increase by 13.09% in 2024, but the outlook is positive 13.29% per year for the next five years.
V Dividends
Visa Inc’s next quarterly earnings report is expected to be released around April 23 and April 29. The annual dividend yield of the stock is 0.70 percent and its annual dividend per share was 1.94. It is important to note, however, that the 0.70% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Visa Inc (NYSE:V)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.63% of Visa Inc shares, and 97.96% of them are in the hands of institutional investors. The stock currently has a share float of 98.58%. Visa Inc stock is held by 4,906 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 8.81% of the shares, which is about 141.52 million shares worth $33.61 billion.
Blackrock Inc., with 7.90% or 126.91 million shares worth $30.14 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 50.2 million shares worth $11.92 billion, making up 3.12% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 38.28 million shares worth around $9.09 billion, which represents about 2.38% of the total shares outstanding.
