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Visa beat earnings estimates, raised dividends 13.6%, and saw executive share sales.
Visa Inc. reported strong Q3 earnings on October 28, posting $2.98 in EPS and $10.72 billion in revenue, exceeding estimates, with an 11.5% year-over-year revenue increase.
The company raised its quarterly dividend to $0.67 per share, a 13.6% hike, resulting in a 0.8% yield.
Analysts maintain a "Moderate Buy" consensus rating with a $400 average price target.
Visa's stock traded around $340.93, with a market cap of $624.86 billion.
Meanwhile, several institutional investors adjusted their stakes: The Teacher Retirement System of Texas reduced its position, while CCLA Investment Management and Academy Capital Management increased theirs.
CEO Ryan Mcinerney and General Counsel Julie B. Rottenberg sold shares, reducing their stakes significantly.
Visa superó las estimaciones de ganancias, aumentó los dividendos un 13,6% y vio ventas de acciones ejecutivas.