Fayerweather Charles held its position in shares of Visa Inc. (NYSE:V) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,480 shares of the credit-card processor’s stock at the end of the 1st quarter. Fayerweather Charles’ holdings in Visa were worth $398,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carret Asset Management LLC raised its stake in Visa by 4.5% in the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after purchasing an additional 1,153 shares in the last quarter. DE Burlo Group Inc. raised its stake in Visa by 65.9% in the first quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock valued at $12,886,000 after purchasing an additional 57,600 shares in the last quarter. Aberdeen Asset Management PLC UK raised its stake in Visa by 5.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 5,470,559 shares of the credit-card processor’s stock valued at $486,168,000 after purchasing an additional 290,480 shares in the last quarter. British Airways Pensions Investment Management Ltd raised its stake in Visa by 100.4% in the first quarter. British Airways Pensions Investment Management Ltd now owns 658,038 shares of the credit-card processor’s stock valued at $58,449,000 after purchasing an additional 329,750 shares in the last quarter. Finally, Peoples Financial Services CORP. raised its stake in Visa by 1.2% in the first quarter. Peoples Financial Services CORP. now owns 77,658 shares of the credit-card processor’s stock valued at $6,902,000 after purchasing an additional 920 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on V. Vetr cut shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price target on the stock. in a research report on Monday, June 5th. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub cut shares of Visa from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. UBS AG reiterated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Finally, Credit Suisse Group set a $112.00 price target on shares of Visa and gave the company a “buy” rating in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $104.77.
In other Visa news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
Visa Inc. (NYSE V) traded down 0.29% during trading on Tuesday, hitting $105.84. The stock had a trading volume of 2,637,857 shares. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.64. The company’s 50 day moving average is $102.05 and its 200-day moving average is $94.72. The company has a market cap of $242.00 billion, a PE ratio of 39.36 and a beta of 0.94.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the business posted $0.69 earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post $3.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.62%. Visa’s payout ratio is 24.54%.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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