Visa Inc. (V) Position Reduced by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA trimmed its stake in shares of Visa Inc. (NYSE:V) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,960 shares of the credit-card processor’s stock after selling 290 shares during the quarter. Visa accounts for 2.4% of Lederer & Associates Investment Counsel CA’s holdings, making the stock its 6th largest holding. Lederer & Associates Investment Counsel CA’s holdings in Visa were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. Wallington Asset Management LLC lifted its holdings in Visa by 3.8% during the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock worth $5,419,000 after buying an additional 2,090 shares during the last quarter. Carret Asset Management LLC lifted its holdings in Visa by 4.5% during the 1st quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock worth $2,403,000 after buying an additional 1,153 shares during the last quarter. DE Burlo Group Inc. lifted its holdings in Visa by 65.9% during the 1st quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock worth $12,886,000 after buying an additional 57,600 shares during the last quarter. Achmea Investment Management B.V. purchased a new stake in Visa during the 1st quarter worth about $7,938,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in Visa by 158.0% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 273,806 shares of the credit-card processor’s stock worth $25,804,000 after buying an additional 167,687 shares during the last quarter. 81.74% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

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A number of brokerages have issued reports on V. Vetr raised Visa from a “sell” rating to a “hold” rating and set a $105.08 price target for the company in a report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Visa in a report on Tuesday. KeyCorp reissued a “buy” rating and issued a $110.00 target price on shares of Visa in a report on Friday, August 25th. UBS AG reissued an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Finally, Robert W. Baird reissued a “buy” rating on shares of Visa in a report on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $105.35.

Shares of Visa Inc. (V) opened at 105.98 on Friday. The company has a 50 day moving average price of $102.65 and a 200-day moving average price of $95.09. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $106.84. The firm has a market cap of $242.32 billion, a PE ratio of 39.41 and a beta of 0.94.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the business earned $0.69 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. Analysts expect that Visa Inc. will post $3.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.62%. Visa’s dividend payout ratio is presently 24.54%.

Visa Profile

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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