United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $21.93 Million Stock Position in Visa Inc (NYSE:V)

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United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund decreased its stake in shares of Visa Inc (NYSE:V) by 23.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,339 shares of the credit-card processor’s stock after selling 39,120 shares during the period. Visa accounts for approximately 2.6% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 16th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Visa were worth $21,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its stake in Visa by 0.6% in the 4th quarter. Advisors Asset Management Inc. now owns 456,714 shares of the credit-card processor’s stock worth $60,259,000 after purchasing an additional 2,895 shares in the last quarter. Middleton & Co Inc MA lifted its stake in Visa by 3.6% in the 4th quarter. Middleton & Co Inc MA now owns 126,173 shares of the credit-card processor’s stock worth $16,647,000 after purchasing an additional 4,360 shares in the last quarter. Dupont Capital Management Corp lifted its stake in Visa by 10.0% in the 4th quarter. Dupont Capital Management Corp now owns 348,882 shares of the credit-card processor’s stock worth $46,031,000 after purchasing an additional 31,842 shares in the last quarter. Essex Savings Bank purchased a new position in Visa in the 4th quarter worth approximately $1,234,000. Finally, Locust Wood Capital Advisers LLC purchased a new position in Visa in the 4th quarter worth approximately $5,429,000. Institutional investors and hedge funds own 81.34% of the company’s stock.

In related news, Director Denise M. Morrison bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the acquisition, the director now owns 3,223 shares of the company’s stock, valued at $551,551.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vasant M. Prabhu sold 25,051 shares of Visa stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the sale, the insider now owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Visa stock traded down $4.86 during trading on Friday, hitting $175.23. The company had a trading volume of 5,588,266 shares, compared to its average volume of 7,191,987. Visa Inc has a 1-year low of $121.60 and a 1-year high of $184.07. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. The company’s 50 day simple moving average is $178.88 and its 200-day simple moving average is $163.56. The stock has a market cap of $357.28 billion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts forecast that Visa Inc will post 5.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors 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 yield of 0.57%. Visa’s dividend payout ratio (DPR) is presently 21.69%.

A number of research analysts have weighed in on the stock. Nomura raised their target price on shares of Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Piper Jaffray Companies set a $207.00 price target on shares of Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. Wedbush restated an “outperform” rating on shares of Visa in a report on Wednesday, July 3rd. SunTrust Banks raised their price target on shares of Visa to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group raised their price target on shares of Visa from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $195.46.

Visa 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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Institutional Ownership by Quarter for Visa (NYSE:V)

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