Haverford Trust Co. boosted its position in shares of Visa Inc (NYSE:V) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,717 shares of the credit-card processor’s stock after buying an additional 308 shares during the quarter. Haverford Trust Co.’s holdings in Visa were worth $2,187,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Berkeley Capital Partners LLC lifted its position in shares of Visa by 1.5% during the second quarter. Berkeley Capital Partners LLC now owns 3,939 shares of the credit-card processor’s stock worth $684,000 after purchasing an additional 57 shares during the last quarter. Enterprise Financial Services Corp raised its holdings in shares of Visa by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock valued at $1,328,000 after acquiring an additional 59 shares in the last quarter. Radnor Capital Management LLC raised its holdings in shares of Visa by 0.8% in the second quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock valued at $1,399,000 after acquiring an additional 60 shares in the last quarter. Peninsula Wealth LLC raised its holdings in shares of Visa by 0.8% in the second quarter. Peninsula Wealth LLC now owns 7,608 shares of the credit-card processor’s stock valued at $1,319,000 after acquiring an additional 61 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in shares of Visa by 0.7% in the third quarter. Atlantic Union Bankshares Corp now owns 8,932 shares of the credit-card processor’s stock valued at $1,536,000 after acquiring an additional 61 shares in the last quarter. 80.98% of the stock is owned by institutional investors.
In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the sale, the chief executive officer now owns 55,446 shares in the company, valued at $9,857,744.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vasant M. Prabhu sold 25,051 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total value of $4,537,738.14. Following the sale, the insider now owns 62,223 shares in the company, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. Insiders sold 53,215 shares of company stock valued at $9,564,487 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on V. Citigroup lifted their price objective on Visa from $185.00 to $206.00 and gave the company a “buy” rating in a report on Monday, September 9th. Goldman Sachs Group restated a “buy” rating and issued a $202.00 price objective on shares of Visa in a report on Wednesday, July 24th. BMO Capital Markets lifted their price objective on Visa from $231.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, October 25th. UBS Group lifted their price objective on Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Credit Suisse Group lifted their price objective on Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $199.04.
Visa stock traded up $0.54 during trading hours on Friday, reaching $178.97. The stock had a trading volume of 3,777,681 shares, compared to its average volume of 7,614,820. The company has a market cap of $349.90 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.56 and a quick ratio of 1.69. The business’s 50 day moving average price is $176.22 and its 200-day moving average price is $173.43. Visa Inc has a 52 week low of $121.60 and a 52 week high of $187.05.
Visa (NYSE:V) last announced its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. On average, sell-side analysts forecast that Visa Inc will post 6.21 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s dividend payout ratio is presently 18.38%.
Visa Company 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.
Featured Story: What is the balance sheet?
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.