Dubuque Bank & Trust Co. trimmed its position in shares of Visa Inc (NYSE:V) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,605 shares of the credit-card processor’s stock after selling 1,969 shares during the period. Dubuque Bank & Trust Co.’s holdings in Visa were worth $5,311,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of V. FMR LLC lifted its position in Visa by 1.9% during the first quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after purchasing an additional 1,731,813 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after purchasing an additional 85,811,983 shares during the period. Lunia Capital LP lifted its position in Visa by 13,370.7% during the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after purchasing an additional 23,280,332 shares during the period. Fisher Asset Management LLC lifted its position in Visa by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 18,622,097 shares of the credit-card processor’s stock worth $2,456,999,000 after purchasing an additional 534,608 shares during the period. Finally, Jennison Associates LLC lifted its position in Visa by 1.6% during the fourth quarter. Jennison Associates LLC now owns 17,301,374 shares of the credit-card processor’s stock worth $2,282,743,000 after purchasing an additional 271,382 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.
A number of research firms have recently commented on V. Wells Fargo & Co increased their target price on shares of Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Deutsche Bank set a $81.00 target price on shares of Franco Nevada and gave the stock a “hold” rating in a report on Thursday, July 11th. Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a “buy” rating in a report on Wednesday, April 17th. Barclays set a $89.00 target price on shares of Franco Nevada and gave the stock a “hold” rating in a report on Friday. Finally, Bank of America increased their target price on shares of Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $187.46.
NYSE V traded up $0.33 during trading hours on Tuesday, reaching $180.90. The company’s stock had a trading volume of 6,701,147 shares, compared to its average volume of 7,766,452. The company’s fifty day simple moving average is $174.15. The firm has a market capitalization of $360.43 billion, a PE ratio of 39.24, a P/E/G ratio of 2.03 and a beta of 0.96. Visa Inc has a 52 week low of $121.60 and a 52 week high of $181.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62.
Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned $1.20 EPS. On average, sell-side analysts expect that Visa Inc will post 5.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Visa’s dividend payout ratio (DPR) is presently 21.69%.
In other Visa news, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were 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 owns 300,114 shares of the company’s stock, valued at approximately $49,590,837.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.
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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