Strategic Advisors LLC lifted its stake in Visa Inc (NYSE:V) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,218 shares of the credit-card processor’s stock after acquiring an additional 1,323 shares during the quarter. Visa makes up approximately 3.0% of Strategic Advisors LLC’s investment portfolio, making the stock its 5th largest position. Strategic Advisors LLC’s holdings in Visa were worth $7,847,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in V. Lowe Wealth Advisors LLC grew its holdings in Visa by 114.7% during the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 86 shares during the period. Essex Investment Management Co. LLC bought a new position in Visa during the fourth quarter worth about $33,000. Hexavest Inc. bought a new position in Visa during the second quarter worth about $40,000. Mackey Komara & Dankovich LLC grew its holdings in Visa by 406.6% during the second quarter. Mackey Komara & Dankovich LLC now owns 1,611 shares of the credit-card processor’s stock worth $56,000 after purchasing an additional 1,293 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in Visa during the fourth quarter worth about $57,000. 81.16% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $182.73, for a total value of $639,555.00. Following the completion of the sale, the director now directly owns 3,452 shares in the company, valued at $630,783.96. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.17% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Bank of America boosted their price objective on Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Raymond James boosted their price objective on Visa from $177.00 to $193.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Piper Jaffray Companies set a $207.00 price objective on Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. KeyCorp boosted their price objective on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Oppenheimer boosted their price objective on Visa from $162.00 to $176.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $195.46.
Shares of V stock traded down $1.75 during trading on Friday, hitting $177.42. The company had a trading volume of 8,263,354 shares, compared to its average volume of 5,986,302. The company has a quick ratio of 1.62, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The company has a market cap of $357.63 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 2.00 and a beta of 0.96. The stock’s 50-day simple moving average is $176.79. Visa Inc has a one year low of $121.60 and a one year high of $184.07.
Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. On average, analysts predict that Visa Inc will post 5.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s dividend payout ratio (DPR) is currently 21.69%.
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.
See Also: Momentum Indicators
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.