Visa Inc. $V Holdings Reduced by Wendell David Associates Inc.

Wendell David Associates Inc. decreased its position in Visa Inc. (NYSE:V) by 0.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,657 shares of the credit-card processor’s stock after selling 75 shares during the period. Wendell David Associates Inc.’s holdings in Visa were worth $6,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Brighton Jones LLC grew its position in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after purchasing an additional 4,817 shares during the last quarter. GAMMA Investing LLC grew its position in Visa by 9.9% in the 1st quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor’s stock worth $14,761,000 after purchasing an additional 3,795 shares during the last quarter. Live Oak Private Wealth LLC lifted its stake in shares of Visa by 1.0% in the 1st quarter. Live Oak Private Wealth LLC now owns 26,940 shares of the credit-card processor’s stock worth $9,441,000 after acquiring an additional 259 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Visa by 0.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 40,967 shares of the credit-card processor’s stock worth $14,357,000 after acquiring an additional 180 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.8%

V stock opened at $347.17 on Wednesday. Visa Inc. has a 12 month low of $280.78 and a 12 month high of $375.51. The firm has a market cap of $636.29 billion, a PE ratio of 33.90, a P/E/G ratio of 2.04 and a beta of 0.90. The firm has a 50 day simple moving average of $344.68 and a 200 day simple moving average of $347.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same period in the prior year, the business earned $2.42 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa’s dividend payout ratio is 23.05%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company set a $412.00 price target on shares of Visa and gave the stock an “overweight” rating in a research note on Tuesday. Barclays reaffirmed an “overweight” rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Oppenheimer upped their price target on shares of Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a research note on Thursday, July 17th. They issued a “buy” rating and a $410.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $389.74.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.