Pensionfund DSM Netherlands continued to hold its stake in Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,700 shares of the credit-card processor’s stock at the end of the 2nd quarter. Visa accounts for 1.2% of Pensionfund DSM Netherlands’ holdings, making the stock its 10th biggest holding. Pensionfund DSM Netherlands’ holdings in Visa were worth $7,474,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in V. Mercer Capital Advisers Inc. grew its stake in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares in the last quarter. Advantage Investment Management LLC grew its stake in shares of Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after acquiring an additional 314 shares in the last quarter. Delta Asset Management LLC TN grew its stake in shares of Visa by 2.5% in the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after acquiring an additional 38 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Visa in the first quarter worth $153,000. Finally, Tarbox Group Inc. grew its stake in shares of Visa by 259.5% in the first quarter. Tarbox Group Inc. now owns 2,139 shares of the credit-card processor’s stock worth $190,000 after acquiring an additional 1,544 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors.
Several equities analysts have commented on V shares. Citigroup Inc. restated a “buy” rating and issued a $100.00 price target on shares of Visa in a research note on Thursday, May 25th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price target for the company. in a research note on Monday, June 5th. Wedbush restated an “outperform” rating and issued a $100.00 price target (up previously from $96.00) on shares of Visa in a research note on Tuesday, June 6th. Finally, BidaskClub downgraded shares of Visa from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Four research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus target price of $104.90.
Visa Inc. (NYSE:V) traded down 0.67% on Wednesday, reaching $105.50. 2,651,919 shares of the company traded hands. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.26. The company has a 50-day moving average price of $102.17 and a 200-day moving average price of $94.80. The company has a market capitalization of $241.22 billion, a P/E ratio of 39.23 and a beta of 0.94.
Visa (NYSE:V) last issued its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. Equities research analysts expect that Visa Inc. will post $3.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were given a $0.165 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 annualized dividend and a yield of 0.62%. Visa’s dividend payout ratio is presently 24.54%.
In other Visa news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares in the company, valued at $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 (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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