Comerica Bank decreased its position in shares of Visa Inc. (NYSE:V) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 801,782 shares of the credit-card processor’s stock after selling 21,783 shares during the period. Visa makes up about 0.6% of Comerica Bank’s holdings, making the stock its 25th largest position. Comerica Bank’s holdings in Visa were worth $73,443,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. MUFG Securities EMEA plc boosted its position in Visa by 7.0% in the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,045,864,000 after buying an additional 775,000 shares in the last quarter. C WorldWide Group Holding A S boosted its position in Visa by 10.2% in the first quarter. C WorldWide Group Holding A S now owns 8,379,106 shares of the credit-card processor’s stock worth $744,651,000 after buying an additional 773,707 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in Visa during the first quarter worth about $48,532,000. Henderson Group PLC boosted its position in Visa by 15.2% in the first quarter. Henderson Group PLC now owns 3,735,779 shares of the credit-card processor’s stock worth $332,054,000 after buying an additional 492,877 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its position in Visa by 14.8% in the first quarter. Cantillon Capital Management LLC now owns 3,484,497 shares of the credit-card processor’s stock worth $309,667,000 after buying an additional 450,069 shares in the last quarter. 82.29% of the stock is owned by institutional investors.
Shares of Visa Inc. (V) traded up 0.16% during midday trading on Tuesday, hitting $103.38. 1,015,789 shares of the company’s stock were exchanged. The firm has a market cap of $236.37 billion, a PE ratio of 38.45 and a beta of 0.94. The stock’s 50-day moving average price is $99.05 and its 200 day moving average price is $93.06. Visa Inc. has a one year low of $75.17 and a one year high of $103.93.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Visa’s revenue for the quarter was up 25.8% compared to the same quarter last year. Equities research analysts forecast that Visa Inc. will post $3.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.66 annualized dividend and a yield of 0.64%. Visa’s payout ratio is 24.54%.
A number of research firms have recently weighed in on V. CIBC increased their price objective on shares of Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Monday, May 29th. Deutsche Bank AG increased their price objective on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Vetr lowered shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective on the stock. in a research note on Monday, June 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $96.00) on shares of Visa in a research note on Tuesday, June 6th. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.56.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the 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. Company insiders own 0.14% of the company’s stock.
Visa Company 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.
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