Blue Edge Capital LLC Increases Holdings in Visa Inc. (NYSE:V)

Blue Edge Capital LLC increased its stake in Visa Inc. (NYSE:V) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,761 shares of the credit-card processor’s stock after purchasing an additional 171 shares during the quarter. Blue Edge Capital LLC’s holdings in Visa were worth $4,184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Visa during the fourth quarter worth about $3,305,348,000. Morgan Stanley boosted its holdings in Visa by 20.2% during the 4th quarter. Morgan Stanley now owns 40,793,518 shares of the credit-card processor’s stock valued at $8,922,767,000 after acquiring an additional 6,857,457 shares during the period. Viking Global Investors LP grew its holdings in shares of Visa by 1,170.4% in the fourth quarter. Viking Global Investors LP now owns 4,085,538 shares of the credit-card processor’s stock worth $893,630,000 after purchasing an additional 3,763,943 shares during the last quarter. Egerton Capital UK LLP boosted its holdings in Visa by 98.4% in the fourth quarter. Egerton Capital UK LLP now owns 4,194,576 shares of the credit-card processor’s stock valued at $917,480,000 after acquiring an additional 2,080,265 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Visa by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,974,988 shares of the credit-card processor’s stock valued at $17,039,976,000 after acquiring an additional 2,064,562 shares in the last quarter. Institutional investors own 81.35% of the company’s stock.

Shares of NYSE V traded up $0.57 during mid-day trading on Friday, reaching $234.52. 48,033 shares of the company were exchanged, compared to its average volume of 8,625,912. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $456.84 billion, a PE ratio of 48.34, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. Visa Inc. has a 1 year low of $179.23 and a 1 year high of $237.50. The business has a 50-day simple moving average of $227.07.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 27th. The credit-card processor reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.12. Visa had a return on equity of 33.86% and a net margin of 49.93%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the business posted $1.39 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 5.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, May 13th. Visa’s dividend payout ratio is presently 25.40%.

Several brokerages have commented on V. Piper Sandler raised Visa from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $234.00 to $260.00 in a research report on Monday. Robert W. Baird reissued a “buy” rating and set a $282.00 price objective on shares of Visa in a research report on Thursday. Susquehanna Bancshares lifted their price target on Visa from $250.00 to $265.00 and gave the stock a “positive” rating in a research report on Wednesday, April 28th. Daiwa Capital Markets raised Visa from a “neutral” rating to an “outperform” rating and set a $259.00 price target for the company in a research report on Tuesday, May 18th. Finally, Mizuho lifted their price target on Visa from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. Twenty-four research analysts have rated the stock with a buy rating, Visa currently has an average rating of “Buy” and an average target price of $254.46.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $212.55, for a total transaction of $1,912,950.00. Following the completion of the transaction, the chief executive officer now directly owns 163,112 shares in the company, valued at $34,669,455.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Rajat Taneja sold 31,750 shares of the company’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $230.00, for a total value of $7,302,500.00. Following the completion of the sale, the insider now owns 282,606 shares in the company, valued at approximately $64,999,380. The disclosure for this sale can be found here. Insiders sold 118,611 shares of company stock worth $26,847,669 over the last three months. Corporate insiders own 0.19% of the company’s stock.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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