Wafra Inc. lessened its holdings in shares of Visa Inc. (NYSE: V – Get Rating) by 26.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,804 shares of the credit-card processor’s stock after selling 49,404 shares during the quarter. Wafra Inc.’s holdings in Visa were worth $ 29,430,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in V. Capital Advisors Wealth Management LLC lifted its holdings in shares of Visa by 0.4% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit-card processor’s stock valued at $ 2,289,000 after buying an additional 45 shares during the period. Corbett Road Capital Management LLC raised its holdings in Visa by 3.1% in the 4th quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit-card processor’s stock worth $ 322,000 after purchasing an additional 45 shares during the period. IVC Wealth Advisors LLC raised its holdings in Visa by 0.8% in the 4th quarter. IVC Wealth Advisors LLC now owns 5,757 shares of the credit-card processor’s stock worth $ 1,248,000 after purchasing an additional 46 shares during the period. Financial Consulate Inc. raised its holdings in Visa by 1.0% in the 4th quarter. Financial Consulate Inc. now owns 4,851 shares of the credit-card processor’s stock worth $ 1,051,000 after purchasing an additional 46 shares during the period. Finally, Tranquilli Financial Advisor LLC raised its holdings in Visa by 3.1% in the 4th quarter. Tranquilli Financial Advisor LLC now owns 1,537 shares of the credit-card processor’s stock worth $ 333,000 after purchasing an additional 46 shares during the period. Institutional investors own 80.77% of the company stock.
V has been the subject of a number of analyst reports. Cowen reduced their price target on Visa from $ 276.00 to $ 254.00 and set an “outperform” rating for the company in a report on Wednesday, April 27th. The Goldman Sachs Group assumed coverage on Visa in a report on Tuesday, May 17th. They issued a “buy” rating and a $ 282.00 price target for the company. Evercore ISI boosted their price objective on Visa from $ 304.00 to $ 310.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 27th. Morgan Stanley boosted their price objective on Visa from $ 279.00 to $ 284.00 in a research note on Wednesday, April 27th. Finally, Credit Suisse Group boosted their price objective on Visa from $ 260.00 to $ 265.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $ 267.44.
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Friday, April 29th. The stock was sold at an average price of $ 218.62, for a total value of $ 1,967,580.00. Following the transaction, the chief executive officer now owns 165,887 shares of the company stock, valued at $ 36,266,215.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Ryan Mcinerney sold 6,466 shares of the stock in a transaction on Monday, March 28th. The shares were sold at an average price of $ 220.00, for a total value of $ 1,422,520.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,933 shares of company stock worth $ 8,745,055. Insiders own 0.21% of the company stock.
NYSE: V opened at $ 196.16 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average is $ 207.45 and its two-hundred day moving average is $ 212.36. Visa Inc. has a 52 week low of $ 186.67 and a 52 week high of $ 252.67. The stock has a market capitalization of $ 372.95 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90.
Visa (NYSE: V – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $ 1.79 EPS for the quarter, topping analysts’ consensus estimates of $ 1.65 by $ 0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company had revenue of $ 7.19 billion for the quarter, compared to analysts’ expectations of $ 6.82 billion. During the same period in the prior year, the firm earned $ 1.38 earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 7.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th were paid a $ 0.375 dividend. This represents a $ 1.50 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 12th. Visa’s payout ratio is currently 23.58%.
About Visa: (Get Rating)
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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