Visa Inc. (V) Holdings Trimmed by Whalerock Point Partners LLC

Whalerock Point Partners LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,725 shares of the credit-card processor’s stock after selling 1,998 shares during the quarter. Visa comprises about 2.0% of Whalerock Point Partners LLC’s investment portfolio, making the stock its 5th biggest position. Whalerock Point Partners LLC’s holdings in Visa were worth $5,413,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. WealthTrust Fairport LLC raised its position in shares of Visa by 0.3% in the 1st quarter. WealthTrust Fairport LLC now owns 17,984 shares of the credit-card processor’s stock worth $1,598,000 after buying an additional 60 shares during the period. MUFG Securities EMEA plc grew its stake in Visa by 7.0% in the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,045,864,000 after purchasing an additional 775,000 shares in the last quarter. Rhumbline Advisers lifted its holdings in Visa by 1.5% in the first quarter. Rhumbline Advisers now owns 3,082,933 shares of the credit-card processor’s stock worth $273,980,000 after acquiring an additional 46,939 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in Visa in the first quarter worth about $208,000. Finally, Advisors Asset Management Inc. lifted its holdings in Visa by 5.1% in the first quarter. Advisors Asset Management Inc. now owns 290,804 shares of the credit-card processor’s stock worth $25,844,000 after acquiring an additional 14,066 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

A number of research firms have recently weighed in on V. Wells Fargo & Company raised Visa from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $107.01 to $120.00 in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Cantor Fitzgerald initiated coverage on shares of Visa in a research report on Thursday, September 28th. They issued an “overweight” rating and a $120.00 price target on the stock. KeyCorp reiterated a “buy” rating and set a $110.00 price objective on shares of Visa in a research report on Friday, August 25th. Finally, Buckingham Research lifted their price objective on shares of Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $116.14.

Visa Inc. (NYSE:V) traded down $3.30 on Monday, reaching $107.43. 18,905,583 shares of the company’s stock traded hands, compared to its average volume of 7,643,003. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $243,740.00, a price-to-earnings ratio of 31.82, a PEG ratio of 1.62 and a beta of 0.99. Visa Inc. has a 12 month low of $76.55 and a 12 month high of $113.62.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. research analysts forecast that Visa Inc. will post 4.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be given a $0.195 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 0.73%. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is 27.86%.

In related news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

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Visa Profile

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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