Visa Inc (NYSE:V) Holdings Increased by Foresters Investment Management Company Inc.

Foresters Investment Management Company Inc. boosted its position in Visa Inc (NYSE:V) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,642 shares of the credit-card processor’s stock after purchasing an additional 17,300 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Visa were worth $14,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. Vanguard Group Inc. grew its holdings in shares of Visa by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock valued at $19,969,390,000 after purchasing an additional 640,593 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Visa by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock valued at $19,969,390,000 after purchasing an additional 640,593 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Visa by 11,319.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after purchasing an additional 85,811,983 shares during the last quarter. Morgan Stanley grew its holdings in shares of Visa by 3.9% during the 3rd quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock valued at $4,466,371,000 after purchasing an additional 1,119,197 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Visa by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 23,511,682 shares of the credit-card processor’s stock valued at $3,096,854,000 after purchasing an additional 1,244,893 shares during the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

In other news, EVP Tullier Kelly Mahon sold 91,046 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $156.29, for a total value of $14,229,579.34. Following the completion of the sale, the executive vice president now directly owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the sale, the executive vice president now directly owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Shares of Visa stock opened at $171.59 on Thursday. Visa Inc has a 12-month low of $121.60 and a 12-month high of $172.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $339.43 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 1.92 and a beta of 0.95.

Visa (NYSE:V) last posted its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. Visa had a net margin of 51.34% and a return on equity of 40.56%. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period last year, the company posted $1.11 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts expect that Visa Inc will post 5.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Visa’s dividend payout ratio is 21.69%.

Several research firms recently commented on V. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Friday, May 17th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $181.00 target price on shares of Visa in a report on Sunday, April 28th. Goldman Sachs Group reaffirmed a “buy” rating and set a $188.00 target price on shares of Visa in a report on Thursday, May 2nd. UBS Group increased their target price on shares of Visa from $146.00 to $183.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, BMO Capital Markets increased their target price on shares of Visa to $214.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and a consensus target price of $177.08.

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Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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