Capital Planning Advisors LLC Cuts Position in Visa Inc. (V)

Capital Planning Advisors LLC reduced its position in Visa Inc. (NYSE:V) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,460 shares of the credit-card processor’s stock after selling 743 shares during the quarter. Visa comprises about 1.6% of Capital Planning Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Capital Planning Advisors LLC’s holdings in Visa were worth $3,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Welch Group LLC raised its position in Visa by 8.9% in the first quarter. Welch Group LLC now owns 3,370 shares of the credit-card processor’s stock valued at $299,000 after purchasing an additional 274 shares during the period. Eqis Capital Management Inc. raised its position in Visa by 93.0% in the first quarter. Eqis Capital Management Inc. now owns 14,836 shares of the credit-card processor’s stock valued at $1,318,000 after purchasing an additional 7,148 shares during the period. Syntal Capital Partners LLC raised its position in Visa by 20.8% in the first quarter. Syntal Capital Partners LLC now owns 6,635 shares of the credit-card processor’s stock valued at $589,000 after purchasing an additional 1,144 shares during the period. British Airways Pensions Investment Management Ltd raised its position in Visa by 100.4% in the first quarter. British Airways Pensions Investment Management Ltd now owns 658,038 shares of the credit-card processor’s stock valued at $58,449,000 after purchasing an additional 329,750 shares during the period. Finally, Pillar Pacific Capital Management LLC raised its position in Visa by 16.3% in the first quarter. Pillar Pacific Capital Management LLC now owns 7,508 shares of the credit-card processor’s stock valued at $667,000 after purchasing an additional 1,055 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.

V has been the topic of several research reports. Wells Fargo & Company raised Visa from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $107.01 to $120.00 in a research report on Tuesday, October 10th. UBS AG reissued an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Barclays PLC raised their price objective on Visa from $114.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. KeyCorp reissued a “buy” rating and issued a $118.00 price objective on shares of Visa in a research report on Wednesday, October 18th. Finally, Nomura raised their price objective on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Three investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $116.08.

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Shares of Visa Inc. (NYSE V) opened at $111.98 on Wednesday. The firm has a market capitalization of $255,870.00, a P/E ratio of 32.15, a PEG ratio of 1.64 and a beta of 0.98. The company has a current ratio of 1.90, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. Visa Inc. has a twelve month low of $75.17 and a twelve month high of $112.90.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. sell-side analysts forecast that Visa Inc. will post 4.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is 24.54%.

In other news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

About Visa

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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