Obermeyer Wood Investment Counsel Lllp decreased its holdings in Visa Inc. (NYSE:V) by 10.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,314 shares of the credit-card processor’s stock after selling 1,228 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Visa were worth $967,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Mercer Capital Advisers Inc. grew its stake in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in shares of Visa during the 2nd quarter worth $122,000. SpiderRock Advisors LLC lifted its position in shares of Visa by 107.1% during the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after purchasing an additional 19,709 shares during the last quarter. Advantage Investment Management LLC lifted its position in shares of Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after purchasing an additional 314 shares during the last quarter. Finally, Delta Asset Management LLC TN lifted its position in shares of Visa by 11.7% during the 2nd quarter. Delta Asset Management LLC TN now owns 1,721 shares of the credit-card processor’s stock worth $161,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.
In related news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.
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Visa Inc. (V) traded down $0.26 during trading on Friday, hitting $111.88. 4,198,700 shares of the stock traded hands, compared to its average volume of 7,558,773. The stock has a market capitalization of $232,802.64, a P/E ratio of 32.22, a P/E/G ratio of 1.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $112.90.
Visa (NYSE:V) last released its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. research analysts predict that Visa Inc. will post 4.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a $0.195 dividend. This is an increase from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, November 16th. Visa’s dividend payout ratio (DPR) is 23.57%.
Several equities research analysts have recently issued reports on V shares. Oppenheimer Holdings, Inc. lifted their price objective on shares of Visa from $100.00 to $106.00 in a research report on Tuesday, July 18th. Citigroup Inc. reaffirmed a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of Visa in a research report on Monday, July 24th. Bank of America Corporation lifted their price objective on shares of Visa from $103.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Nomura lifted their price objective on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, Instinet boosted their price target on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Three research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target of $116.08.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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