Pensionfund DSM Netherlands cut its position in Visa Inc (NYSE:V) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,400 shares of the credit-card processor’s stock after selling 2,000 shares during the period. Visa accounts for 1.3% of Pensionfund DSM Netherlands’ holdings, making the stock its 6th largest position. Pensionfund DSM Netherlands’ holdings in Visa were worth $7,185,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of V. BKD Wealth Advisors LLC boosted its stake in Visa by 1.5% during the fourth quarter. BKD Wealth Advisors LLC now owns 11,229 shares of the credit-card processor’s stock worth $1,482,000 after acquiring an additional 167 shares in the last quarter. First Command Bank raised its holdings in Visa by 70.8% during the fourth quarter. First Command Bank now owns 1,030 shares of the credit-card processor’s stock worth $136,000 after buying an additional 427 shares during the last quarter. City Holding Co. raised its holdings in Visa by 1.2% during the fourth quarter. City Holding Co. now owns 12,346 shares of the credit-card processor’s stock worth $1,629,000 after buying an additional 145 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in Visa by 3.3% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 70,713 shares of the credit-card processor’s stock worth $9,330,000 after buying an additional 2,262 shares during the last quarter. Finally, Paragon Capital Management LLC acquired a new position in Visa during the fourth quarter worth $251,000. 81.00% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Tableau Software to $134.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Robert W. Baird set a $196.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of Zai Lab from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. Morgan Stanley upped their price objective on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Nomura upped their price objective on shares of Visa from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $187.46.
Shares of V stock traded up $0.33 on Tuesday, hitting $180.90. The stock had a trading volume of 6,701,147 shares, compared to its average volume of 7,766,452. The company’s 50 day moving average is $173.72. The company has a market cap of $360.43 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62. Visa Inc has a 12-month low of $121.60 and a 12-month high of $181.84.
Visa (NYSE:V) last announced its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 earnings per share. As a group, equities analysts forecast that Visa Inc will post 5.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Visa’s dividend payout ratio is currently 21.69%.
In related news, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the transaction, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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