Marietta Wealth Management LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 5.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,676 shares of the credit-card processor’s stock after acquiring an additional 1,347 shares during the period. Visa accounts for about 1.7% of Marietta Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Marietta Wealth Management LLC’s holdings in Visa were worth $6,054,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in V. Optas LLC lifted its position in shares of Visa by 110.2% during the 3rd quarter. Optas LLC now owns 3,759 shares of the credit-card processor’s stock valued at $752,000 after buying an additional 1,971 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Visa by 15.8% during the 3rd quarter. Ritholtz Wealth Management now owns 10,032 shares of the credit-card processor’s stock valued at $2,006,000 after buying an additional 1,366 shares in the last quarter. Sitrin Capital Management LLC lifted its position in shares of Visa by 0.3% during the 3rd quarter. Sitrin Capital Management LLC now owns 33,835 shares of the credit-card processor’s stock valued at $6,816,000 after buying an additional 108 shares in the last quarter. WESPAC Advisors SoCal LLC raised its stake in Visa by 9.4% in the 3rd quarter. WESPAC Advisors SoCal LLC now owns 10,179 shares of the credit-card processor’s stock valued at $2,103,000 after purchasing an additional 875 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Visa by 7.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 133,110 shares of the credit-card processor’s stock valued at $26,618,000 after purchasing an additional 8,867 shares during the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.
Several research firms recently commented on V. Sanford C. Bernstein began coverage on Visa in a research note on Tuesday, January 26th. They issued an “outperform” rating and a $232.00 price objective for the company. KeyCorp increased their price objective on Visa from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, January 13th. BMO Capital Markets reduced their price objective on Visa from $210.00 to $204.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. Oppenheimer reissued a “buy” rating and issued a $212.00 price objective (down from $233.00) on shares of Visa in a research note on Thursday, October 29th. Finally, Seaport Global Securities started coverage on Visa in a research note on Monday, December 7th. They issued a “buy” rating and a $250.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $222.64.
In other news, CAO James H. Hoffmeister sold 2,157 shares of the stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $208.87, for a total value of $450,532.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $209.40, for a total value of $1,884,600.00. Following the completion of the sale, the chief executive officer now owns 132,660 shares of the company’s stock, valued at approximately $27,779,004. The disclosure for this sale can be found here. Insiders have sold 82,398 shares of company stock valued at $17,896,223 over the last 90 days. 0.19% of the stock is currently owned by insiders.
Shares of NYSE:V traded up $1.23 on Tuesday, hitting $209.55. The company had a trading volume of 96,050 shares, compared to its average volume of 10,284,387. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. Visa Inc. has a 52-week low of $133.93 and a 52-week high of $220.39. The business has a 50 day moving average of $205.99 and a 200 day moving average of $204.63. The company has a market cap of $409.11 billion, a PE ratio of 42.58, a PEG ratio of 3.80 and a beta of 0.96.
Visa (NYSE:V) last released its earnings results on Thursday, January 28th. The credit-card processor reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.14. The firm had revenue of $5.69 billion during the quarter, compared to analyst estimates of $5.52 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 earnings per share. As a group, equities analysts predict that Visa Inc. will post 5.45 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 1st. Shareholders of record on Friday, February 12th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, February 11th. This represents a $1.28 annualized dividend and a yield of 0.61%. Visa’s dividend payout ratio is presently 25.40%.
Visa Company 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.
See Also: Earnings Per Share (EPS)
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